Sprott Junior Copper Miners ETF (NASDAQ:COPJ – Get Free Report) was the target of a large drop in short interest in March. As of March 15th, there was short interest totalling 1,300 shares, a drop of 18.8% from the February 28th total of 1,600 shares. Based on an average daily trading volume, of 11,100 shares, the short-interest ratio is presently 0.1 days. Currently, 0.2% of the company’s stock are sold short.
Hedge Funds Weigh In On Sprott Junior Copper Miners ETF
A number of large investors have recently made changes to their positions in COPJ. Jane Street Group LLC grew its stake in Sprott Junior Copper Miners ETF by 377.7% during the 4th quarter. Jane Street Group LLC now owns 72,588 shares of the company’s stock worth $1,339,000 after buying an additional 57,394 shares during the last quarter. Raffles Associates LP acquired a new stake in Sprott Junior Copper Miners ETF in the fourth quarter worth about $215,000. Finally, HighTower Advisors LLC boosted its holdings 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 worth $856,000 after acquiring an additional 6,968 shares in the last quarter.
Sprott Junior Copper Miners ETF Stock Down 1.8 %
NASDAQ COPJ opened at $19.80 on Thursday. Sprott Junior Copper Miners ETF has a 52 week low of $17.75 and a 52 week high of $26.43. The company has a 50 day moving average price of $19.65 and a 200 day moving average price of $20.61. The firm has a market cap of $13.66 million, a PE ratio of 10.02 and a beta of -1.84.
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.
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