Sprott Copper Miners ETF (NASDAQ:COPP) Sees Significant Growth in Short Interest

Sprott Copper Miners ETF (NASDAQ:COPP) was the target of a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 8,700 shares, an increase of 20.8% from the March 15th total of 7,200 shares. Based on an average daily trading volume, of 18,000 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.7% of the company’s stock are sold short.

Institutional Investors Weigh In On Sprott Copper Miners ETF

An institutional investor recently raised its position in Sprott Copper Miners ETF stock. Corrado Advisors LLC grew its holdings in shares of Sprott Copper Miners ETF (NASDAQ:COPP) by 13.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 34,305 shares of the company’s stock after buying an additional 4,177 shares during the quarter. Corrado Advisors LLC owned 2.98% of Sprott Copper Miners ETF worth $704,000 as of its most recent SEC filing.

Sprott Copper Miners ETF Stock Performance

Sprott Copper Miners ETF stock opened at $18.23 on Monday. The firm has a market capitalization of $21.51 million, a PE ratio of 21.06 and a beta of 0.77. The stock’s 50 day moving average price is $19.76 and its 200 day moving average price is $21.60. Sprott Copper Miners ETF has a one year low of $15.38 and a one year high of $28.84.

Sprott Copper Miners ETF Company Profile

The Sprott Copper Miners ETF (COPP) is an exchange-traded fund that is based on the Nasdaq Sprott Copper Miners index. The fund is passively managed, tracking a modified market-cap weighted index comprised of companies in the mining, exploration, development, and production of copper. The fund invests in securities of issuers from all around the world.