Sprott Copper Miners ETF (NASDAQ:COPP) Trading Up 2.2% – Time to Buy?

Sprott Copper Miners ETF (NASDAQ:COPP)’s share price rose 2.2% on Monday . The company traded as high as $22.14 and last traded at $21.94. Approximately 47,208 shares changed hands during mid-day trading, an increase of 103% from the average daily volume of 23,272 shares. The stock had previously closed at $21.47.

Sprott Copper Miners ETF Trading Down 3.8 %

The company has a market cap of $24.76 million, a price-to-earnings ratio of 32.14 and a beta of 0.77. The business has a fifty day moving average of $20.75 and a two-hundred day moving average of $22.44.

Institutional Trading of Sprott Copper Miners ETF

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

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.