Short Interest in Sprott Junior Copper Miners ETF (NASDAQ:COPJ) Declines By 33.3%

Sprott Junior Copper Miners ETF (NASDAQ:COPJ) saw a large drop in short interest in the month of December. As of December 15th, there was short interest totalling 600 shares, a drop of 33.3% from the November 30th total of 900 shares. Based on an average trading volume of 8,500 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On Sprott Junior Copper Miners ETF

A hedge fund recently raised its stake in Sprott Junior Copper Miners ETF stock. HighTower Advisors LLC increased its holdings in Sprott Junior Copper Miners ETF (NASDAQ:COPJ) by 23.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,298 shares of the company’s stock after purchasing an additional 6,968 shares during the period. HighTower Advisors LLC owned approximately 7.26% of Sprott Junior Copper Miners ETF worth $856,000 at the end of the most recent quarter.

Sprott Junior Copper Miners ETF Trading Down 0.8 %

COPJ opened at $18.36 on Monday. The stock’s 50 day simple moving average is $21.20 and its 200-day simple moving average is $21.55. The stock has a market cap of $9.18 million, a PE ratio of 11.30 and a beta of -1.84. Sprott Junior Copper Miners ETF has a 1 year low of $16.47 and a 1 year high of $26.43.

Sprott Junior Copper Miners ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 12th were issued a $2.148 dividend. The ex-dividend date of this dividend was Thursday, December 12th.

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.