Sprott Junior Copper Miners ETF (NASDAQ:COPJ) Sees Large Decline in Short Interest

Sprott Junior Copper Miners ETF (NASDAQ:COPJ) was the recipient of a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 1,600 shares, a decline of 27.3% from the February 13th total of 2,200 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average trading volume of 10,600 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On Sprott Junior Copper Miners ETF

Several hedge funds have recently bought and sold shares of the business. HighTower Advisors LLC lifted its position in shares of 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 buying an additional 6,968 shares during the last quarter. Raffles Associates LP acquired a new stake in Sprott Junior Copper Miners ETF in the 4th quarter worth approximately $215,000. Finally, Jane Street Group LLC lifted its holdings in Sprott Junior Copper Miners ETF by 377.7% in the 4th quarter. Jane Street Group LLC now owns 72,588 shares of the company’s stock worth $1,339,000 after purchasing an additional 57,394 shares during the last quarter.

Sprott Junior Copper Miners ETF Stock Up 2.2 %

COPJ stock traded up $0.43 during trading hours on Monday, hitting $20.26. The company’s stock had a trading volume of 9,385 shares, compared to its average volume of 11,115. The company has a market capitalization of $13.98 million, a PE ratio of 10.02 and a beta of -1.84. The stock has a 50 day moving average price of $19.15 and a two-hundred day moving average price of $20.60. Sprott Junior Copper Miners ETF has a 12 month low of $17.75 and a 12 month high of $26.43.

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.