Sprott Copper Miners ETF (NASDAQ:COPP) Short Interest Up 20.8% in December

Sprott Copper Miners ETF (NASDAQ:COPP) saw a significant growth in short interest in December. As of December 31st, there was short interest totalling 2,900 shares, a growth of 20.8% from the December 15th total of 2,400 shares. Based on an average daily trading volume, of 17,000 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. OneDigital Investment Advisors LLC acquired a new position in shares of Sprott Copper Miners ETF in the 3rd quarter valued at about $201,000. Corrado Advisors LLC boosted its holdings in shares of Sprott Copper Miners ETF by 4.0% during the 3rd quarter. Corrado Advisors LLC now owns 30,128 shares of the company’s stock worth $783,000 after buying an additional 1,158 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in shares of Sprott Copper Miners ETF during the 3rd quarter worth approximately $3,641,000.

Sprott Copper Miners ETF Stock Up 0.7 %

Shares of COPP stock opened at $21.27 on Friday. The company has a market cap of $24.46 million, a P/E ratio of 41.36 and a beta of 0.77. Sprott Copper Miners ETF has a twelve month low of $20.11 and a twelve month high of $28.84. The business has a fifty day simple moving average of $22.03 and a 200 day simple moving average of $23.50.

Sprott Copper Miners ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 12th were given a dividend of $0.5308 per share. The ex-dividend date was Thursday, December 12th.

About Sprott Copper Miners ETF

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.