Sprott Junior Copper Miners ETF (NASDAQ:COPJ) Sees Large Increase in Short Interest

Sprott Junior Copper Miners ETF (NASDAQ:COPJ) was the recipient of a significant increase in short interest during the month of November. As of November 30th, there was short interest totalling 900 shares, an increase of 800.0% from the November 15th total of 100 shares. Based on an average trading volume of 6,300 shares, the days-to-cover ratio is presently 0.1 days.

Sprott Junior Copper Miners ETF Stock Performance

Sprott Junior Copper Miners ETF stock traded up $0.20 during midday trading on Wednesday, reaching $22.09. 1,791 shares of the company’s stock were exchanged, compared to its average volume of 9,666. The stock’s 50-day simple moving average is $22.28 and its 200 day simple moving average is $21.94. The firm has a market cap of $11.05 million, a price-to-earnings ratio of 11.30 and a beta of -1.84. Sprott Junior Copper Miners ETF has a 52 week low of $16.47 and a 52 week high of $26.43.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Sprott Junior Copper Miners ETF stock. HighTower Advisors LLC raised its holdings in shares of Sprott Junior Copper Miners ETF (NASDAQ:COPJ) by 23.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,298 shares of the company’s stock after purchasing an additional 6,968 shares during the quarter. HighTower Advisors LLC owned approximately 7.26% of Sprott Junior Copper Miners ETF worth $856,000 at the end of the most recent reporting period.

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.