New Copper Fund Revives Controversial Product [Financial Post (Toronto, Ontario, Canada)]
Sprott Inc. Common Shares (SII)
Company Research
Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Sprott Inc. has launched a $100 million fund that will buy and hold physical copper, marking a comeback for a class of investment product that has in the past been highly controversial among investors and regulators. The new Sprott Physical Copper Trust started trading on the Toronto Stock Exchange on Thursday. Sprott, which already has successful funds backed by physical gold, silver, platinum, palladium and uranium, said in a prospectus that it would be “the world's first physical copper fund.” Article content Funds that allow investors to buy and hold physical copper have stirred controversy in the past. In 2012, US manufacturers petitioned the Securities and Exchange Commission and ultimately went to court to try to block the launch of similar copper-backed funds proposed by BlackRock Inc. and JPMorgan Chase & Co., arguing the investment vehic
Show less
Read more
Impact Snapshot
Event Time:
SII
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
SII alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
SII alerts
High impacting Sprott Inc. Common Shares news events
Weekly update
A roundup of the hottest topics
SII
News
- Sprott's (TSE:SII) investors will be pleased with their strong 121% return over the last five years [Yahoo! Finance]Yahoo! Finance
- Sprott Physical Copper Trust Announces Closing of Initial Public Offering [Yahoo! Finance]Yahoo! Finance
- Sprott Physical Copper Trust Announces Filing of Final Prospectus for Initial Public Offering [Yahoo! Finance]Yahoo! Finance
- Sprott Inc. (NYSE: SII) was upgraded by analysts at TD Securities from a "hold" rating to a "strong-buy" rating.MarketBeat
- Sprott Physical Copper Trust Files Preliminary Prospectus for Proposed Initial Public OfferingGlobeNewswire
SII
Sec Filings
- 5/14/24 - Form 13F-HR
- 5/8/24 - Form 6-K
- 5/8/24 - Form 6-K
- SII's page on the SEC website