Short Interest in Sprott Junior Copper Miners ETF (NASDAQ:COPJ) Decreases By 85.7%

Sprott Junior Copper Miners ETF (NASDAQ:COPJ) saw a large drop in short interest in the month of November. As of November 15th, there was short interest totalling 100 shares, a drop of 85.7% from the October 31st total of 700 shares. Based on an average daily trading volume, of 7,500 shares, the short-interest ratio is presently 0.0 days.

Hedge Funds Weigh In On Sprott Junior Copper Miners ETF

A hedge fund recently raised its stake in Sprott Junior Copper Miners ETF stock. HighTower Advisors LLC grew its stake in Sprott Junior Copper Miners ETF (NASDAQ:COPJ) by 23.8% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 Stock Performance

Sprott Junior Copper Miners ETF stock traded up $0.35 during mid-day trading on Wednesday, reaching $21.82. The stock had a trading volume of 794 shares, compared to its average volume of 9,914. The firm has a market capitalization of $10.91 million, a PE ratio of 11.30 and a beta of -1.84. Sprott Junior Copper Miners ETF has a fifty-two week low of $16.47 and a fifty-two week high of $26.43. The stock’s 50-day simple moving average is $22.48 and its 200-day simple moving average is $22.13.

About Sprott Junior Copper Miners ETF

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.