Sprott Copper Miners ETF (NASDAQ:COPP) Short Interest Down 28.7% in March

Sprott Copper Miners ETF (NASDAQ:COPP) saw a significant decrease in short interest in March. As of March 15th, there was short interest totalling 7,200 shares, a decrease of 28.7% from the February 28th total of 10,100 shares. Based on an average daily volume of 17,000 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.6% of the shares of the stock are short sold.

Institutional Inflows and Outflows

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

Sprott Copper Miners ETF Stock Down 2.7 %

Shares of Sprott Copper Miners ETF stock traded down $0.55 on Monday, reaching $19.64. The company’s stock had a trading volume of 22,560 shares, compared to its average volume of 23,267. The company has a market capitalization of $22.59 million, a P/E ratio of 32.14 and a beta of 0.77. The stock has a 50-day moving average price of $20.73 and a 200-day moving average price of $22.42. Sprott Copper Miners ETF has a 52-week low of $18.53 and a 52-week 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.