Short Interest in Sprott Junior Copper Miners ETF (NASDAQ:COPJ) Declines By 27.3%

Sprott Junior Copper Miners ETF (NASDAQ:COPJ) was the recipient of a significant drop in short interest during the month of 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. Approximately 0.2% of the company’s shares are sold short. Based on an average trading volume of 10,600 shares, the short-interest ratio is currently 0.2 days.

Sprott Junior Copper Miners ETF Stock Performance

Shares of NASDAQ:COPJ traded up $0.08 during mid-day trading on Tuesday, reaching $20.44. 16,136 shares of the company’s stock were exchanged, compared to its average volume of 11,172. The firm has a market capitalization of $14.10 million, a price-to-earnings ratio of 10.02 and a beta of -1.84. Sprott Junior Copper Miners ETF has a twelve month low of $17.75 and a twelve month high of $26.43. The business’s fifty day moving average price is $19.18 and its 200-day moving average price is $20.59.

Institutional Investors Weigh In On Sprott Junior Copper Miners ETF

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Raffles Associates LP bought a new stake in Sprott Junior Copper Miners ETF in the fourth quarter valued at approximately $215,000. HighTower Advisors LLC lifted its position 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 worth $856,000 after purchasing an additional 6,968 shares during the period. Finally, Jane Street Group LLC boosted its stake 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 purchasing an additional 57,394 shares during the last quarter.

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.