Sprott Copper Miners ETF (NASDAQ:COPP) Short Interest Up 700.0% in October

Sprott Copper Miners ETF (NASDAQ:COPP) saw a large growth in short interest in October. As of October 31st, there was short interest totalling 3,200 shares, a growth of 700.0% from the October 15th total of 400 shares. Based on an average daily volume of 16,300 shares, the short-interest ratio is currently 0.2 days.

Sprott Copper Miners ETF Stock Up 0.5 %

Shares of COPP traded up $0.12 during mid-day trading on Thursday, reaching $22.88. 5,441 shares of the company’s stock were exchanged, compared to its average volume of 28,333. Sprott Copper Miners ETF has a 52-week low of $20.11 and a 52-week high of $28.84. The company has a 50-day simple moving average of $24.50 and a two-hundred day simple moving average of $24.79. The company has a market cap of $25.63 million, a price-to-earnings ratio of 41.36 and a beta of 0.77.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. SeaCrest Wealth Management LLC purchased a new stake in shares of Sprott Copper Miners ETF during the second quarter valued at approximately $772,000. Sparta 24 Ltd. purchased a new position in Sprott Copper Miners ETF in the 2nd quarter valued at about $2,543,000. Corrado Advisors LLC grew its stake in shares of Sprott Copper Miners ETF by 4.0% during the third quarter. Corrado Advisors LLC now owns 30,128 shares of the company’s stock valued at $783,000 after acquiring an additional 1,158 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Sprott Copper Miners ETF during the third quarter worth about $3,641,000. Finally, OneDigital Investment Advisors LLC purchased a new stake in shares of Sprott Copper Miners ETF during the third quarter worth about $201,000.

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.