Sprott Junior Copper Miners ETF (NASDAQ:COPJ) Sees Significant Decline in Short Interest

Sprott Junior Copper Miners ETF (NASDAQ:COPJ) was the target of a large drop in short interest in February. As of February 28th, there was short interest totalling 1,600 shares, a drop of 27.3% from the February 13th total of 2,200 shares. Based on an average daily trading volume, of 10,600 shares, the short-interest ratio is presently 0.2 days. Currently, 0.2% of the company’s stock are sold short.

Institutional Trading of Sprott Junior Copper Miners ETF

Institutional investors have recently modified their holdings of the company. Raffles Associates LP bought a new stake in shares of Sprott Junior Copper Miners ETF in the 4th quarter valued at about $215,000. HighTower Advisors LLC boosted its holdings in shares of Sprott Junior Copper Miners ETF by 23.8% in the 3rd quarter. HighTower Advisors LLC now owns 36,298 shares of the company’s stock valued at $856,000 after buying an additional 6,968 shares in the last quarter. Finally, Jane Street Group LLC boosted its stake in Sprott Junior Copper Miners ETF by 377.7% in the 4th quarter. Jane Street Group LLC now owns 72,588 shares of the company’s stock worth $1,339,000 after purchasing an additional 57,394 shares in the last quarter.

Sprott Junior Copper Miners ETF Trading Up 2.4 %

Shares of NASDAQ:COPJ traded up $0.47 during trading on Friday, reaching $19.85. The stock had a trading volume of 13,991 shares, compared to its average volume of 11,122. Sprott Junior Copper Miners ETF has a one year low of $17.75 and a one year high of $26.43. The company has a market capitalization of $13.70 million, a P/E ratio of 9.25 and a beta of -1.84. The firm’s 50-day simple moving average is $19.15 and its 200 day simple moving average is $20.60.

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.