Sprott Copper Miners ETF (NASDAQ:COPP) Shares Down 1.5% – Time to Sell?

Shares of Sprott Copper Miners ETF (NASDAQ:COPP) were down 1.5% during mid-day trading on Thursday . The stock traded as low as $35.50 and last traded at $36.39. Approximately 214,370 shares were traded during mid-day trading, a decline of 22% from the average daily volume of 276,464 shares. The stock had previously closed at $36.96.

Sprott Copper Miners ETF Stock Down 1.5%

The firm has a 50-day moving average price of $31.92 and a two-hundred day moving average price of $27.58. The firm has a market cap of $105.53 million, a PE ratio of 30.50 and a beta of 0.67.

Sprott Copper Miners ETF Dividend Announcement

The firm also recently announced an annual dividend, which was paid on Monday, December 22nd. Shareholders of record on Thursday, December 18th were paid a dividend of $0.8237 per share. This represents a yield of 251.0%. The ex-dividend date of this dividend was Thursday, December 18th.

Hedge Funds Weigh In On Sprott Copper Miners ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. AdvisorNet Financial Inc purchased a new position in Sprott Copper Miners ETF in the 3rd quarter valued at about $49,000. Corrado Advisors LLC lifted its holdings in shares of Sprott Copper Miners ETF by 5.5% in the 3rd quarter. Corrado Advisors LLC now owns 43,595 shares of the company’s stock worth $1,233,000 after purchasing an additional 2,259 shares during the last quarter. Bank of Montreal Can acquired a new position in Sprott Copper Miners ETF during the 2nd quarter valued at about $62,000. Hollencrest Capital Management bought a new position in Sprott Copper Miners ETF in the 3rd quarter worth approximately $94,000. Finally, Susquehanna International Group LLP raised its position in shares of Sprott Copper Miners ETF by 17.9% during the third quarter. Susquehanna International Group LLP now owns 24,154 shares of the company’s stock worth $683,000 after purchasing an additional 3,675 shares during the period.

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. COPP was launched on Mar 5, 2024 and is issued by Sprott.