Sprott Junior Copper Miners ETF (NASDAQ:COPJ) Trading Down 0.7% – Here’s Why

Sprott Junior Copper Miners ETF (NASDAQ:COPJ)’s stock price fell 0.7% during trading on Thursday . The stock traded as low as $37.54 and last traded at $39.48. 50,170 shares changed hands during mid-day trading, a decline of 80% from the average session volume of 251,885 shares. The stock had previously closed at $39.76.

Sprott Junior Copper Miners ETF Stock Performance

The business has a 50 day moving average price of $43.62 and a two-hundred day moving average price of $39.24. The stock has a market cap of $151.21 million, a PE ratio of 11.67 and a beta of 0.83.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Client First Investment Management LLC bought a new position in Sprott Junior Copper Miners ETF in the 4th quarter valued at $1,083,000. PNC Financial Services Group Inc. bought a new stake in shares of Sprott Junior Copper Miners ETF during the 3rd quarter worth $783,000. Envestnet Asset Management Inc. bought a new stake in shares of Sprott Junior Copper Miners ETF during the 3rd quarter worth $390,000. Synergy Asset Management LLC purchased a new position in shares of Sprott Junior Copper Miners ETF in the 3rd quarter worth about $376,000. Finally, Susquehanna International Group LLP purchased a new position in shares of Sprott Junior Copper Miners ETF in the 3rd quarter worth about $204,000.

Sprott Junior Copper Miners ETF Company Profile

The Sprott Junior Copper Miners ETF (COPJ) is an exchange-traded fund that is based on the Nasdaq Sprott Junior Copper Miners index. The fund seeks to track an index of small copper miners around the globe, primarily those with revenues tied to the mining, development and production of copper. Securities are selected using a fundamental, proprietary methodology and weighted by market cap. COPJ was launched on Feb 1, 2023 and is managed by Sprott.