Sprott Junior Copper Miners ETF (NASDAQ:COPJ) Stock Price Up 0.2% – Here’s Why

Sprott Junior Copper Miners ETF (NASDAQ:COPJ)’s stock price shot up 0.2% on Monday . The stock traded as high as $38.10 and last traded at $37.69. 36,404 shares changed hands during trading, a decline of 78% from the average daily volume of 168,306 shares. The stock had previously closed at $37.60.

Sprott Junior Copper Miners ETF Price Performance

The company has a market cap of $139.08 million, a price-to-earnings ratio of 11.67 and a beta of 1.03. The business’s 50-day simple moving average is $41.49 and its 200-day simple moving average is $42.57.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Pine Valley Investments Ltd Liability Co raised its position in shares of Sprott Junior Copper Miners ETF by 42.9% during the 1st quarter. Pine Valley Investments Ltd Liability Co now owns 27,568 shares of the company’s stock worth $1,074,000 after purchasing an additional 8,270 shares during the last quarter. Client First Investment Management LLC acquired a new stake in Sprott Junior Copper Miners ETF during the 4th quarter valued at $1,083,000. PNC Financial Services Group Inc. increased its position in Sprott Junior Copper Miners ETF by 9.5% during the first quarter. PNC Financial Services Group Inc. now owns 26,938 shares of the company’s stock worth $1,050,000 after buying an additional 2,336 shares in the last quarter. Cetera Investment Advisers purchased a new position in Sprott Junior Copper Miners ETF during the first quarter worth $534,000. Finally, Envestnet Asset Management Inc. purchased a new position in Sprott Junior Copper Miners ETF during the third quarter worth $390,000.

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.