Sprott Copper Miners ETF (NASDAQ:COPP) Trading Down 5.2% – Time to Sell?

Sprott Copper Miners ETF (NASDAQ:COPP) traded down 5.2% during mid-day trading on Wednesday . The company traded as low as $33.99 and last traded at $34.20. 239,671 shares traded hands during trading, a decline of 42% from the average session volume of 416,786 shares. The stock had previously closed at $36.08.

Sprott Copper Miners ETF Stock Performance

The firm has a market capitalization of $215.46 million, a price-to-earnings ratio of 30.50 and a beta of 0.67. The company has a 50-day moving average price of $40.07 and a 200-day moving average price of $33.45.

Institutional Trading of Sprott Copper Miners ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Caitlin John LLC purchased a new stake in shares of Sprott Copper Miners ETF during the 4th quarter worth approximately $25,000. Blue Trust Inc. purchased a new position in shares of Sprott Copper Miners ETF in the 4th quarter valued at $37,000. AdvisorNet Financial Inc acquired a new stake in Sprott Copper Miners ETF during the 3rd quarter worth $49,000. Bank of Montreal Can acquired a new stake in Sprott Copper Miners ETF during the 2nd quarter worth $62,000. Finally, Federation des caisses Desjardins du Quebec purchased a new stake in Sprott Copper Miners ETF in the fourth quarter valued at $92,000.

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.