Sprott Junior Copper Miners ETF (NASDAQ:COPJ) Stock Price Down 4% – Here’s What Happened

Sprott Junior Copper Miners ETF (NASDAQ:COPJ) traded down 4% during trading on Wednesday . The company traded as low as $45.76 and last traded at $46.95. 321,244 shares changed hands during trading, a decline of 17% from the average session volume of 386,902 shares. The stock had previously closed at $48.90.

Sprott Junior Copper Miners ETF Stock Performance

The stock has a market cap of $179.82 million, a P/E ratio of 11.67 and a beta of 0.83. The company has a 50-day simple moving average of $42.30 and a 200-day simple moving average of $34.77.

Sprott Junior Copper Miners ETF Dividend Announcement

The firm also recently declared an annual dividend, which was paid on Monday, December 22nd. Investors of record on Thursday, December 18th were issued a $4.5473 dividend. This represents a dividend yield of 1,272.0%. The ex-dividend date of this dividend was Thursday, December 18th.

Institutional Investors Weigh In On Sprott Junior Copper Miners ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in COPJ. PNC Financial Services Group Inc. bought a new position in shares of Sprott Junior Copper Miners ETF in the third quarter worth about $783,000. Envestnet Asset Management Inc. bought a new stake in shares of Sprott Junior Copper Miners ETF during the third quarter valued at approximately $390,000. Synergy Asset Management LLC acquired a new stake in shares of Sprott Junior Copper Miners ETF in the third quarter valued at approximately $376,000. Finally, Susquehanna International Group LLP bought a new position in Sprott Junior Copper Miners ETF in the 3rd quarter worth approximately $204,000.

Sprott Junior Copper Miners ETF Company Profile

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. COPJ was launched on Feb 1, 2023 and is managed by Sprott.