Sprott Junior Copper Miners ETF (NASDAQ:COPJ) Short Interest Down 18.8% in March

Sprott Junior Copper Miners ETF (NASDAQ:COPJ) was the recipient of a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 1,300 shares, a decline of 18.8% from the February 28th total of 1,600 shares. Based on an average daily trading volume, of 11,100 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.2% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of COPJ. HighTower Advisors LLC boosted its position in Sprott Junior Copper Miners ETF by 23.8% in the third 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 during the last quarter. Raffles Associates LP acquired a new stake in Sprott Junior Copper Miners ETF during the 4th quarter valued at approximately $215,000. Finally, Jane Street Group LLC boosted its holdings in shares of 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 valued at $1,339,000 after acquiring an additional 57,394 shares during the last quarter.

Sprott Junior Copper Miners ETF Price Performance

NASDAQ COPJ opened at $19.80 on Thursday. The stock’s fifty day moving average price is $19.65 and its 200 day moving average price is $20.61. Sprott Junior Copper Miners ETF has a 1 year low of $17.75 and a 1 year high of $26.43. The company has a market cap of $13.66 million, a price-to-earnings ratio of 10.02 and a beta of -1.84.

About Sprott Junior Copper Miners ETF

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.