iShares Copper and Metals Mining ETF (NASDAQ:ICOP) Short Interest Update

iShares Copper and Metals Mining ETF (NASDAQ:ICOPGet Free Report) saw a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 26,327 shares, a decrease of 56.1% from the July 15th total of 60,008 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average trading volume of 62,282 shares, the days-to-cover ratio is presently 0.4 days.

iShares Copper and Metals Mining ETF Price Performance

iShares Copper and Metals Mining ETF stock traded down $0.19 during trading hours on Friday, reaching $53.57. The company had a trading volume of 63,924 shares, compared to its average volume of 211,469. The company has a 50-day moving average price of $50.87 and a 200 day moving average price of $51.41. The firm has a market cap of $460.70 million, a price-to-earnings ratio of -19.06 and a beta of 0.92. iShares Copper and Metals Mining ETF has a 12-month low of $30.59 and a 12-month high of $60.08.

iShares Copper and Metals Mining ETF Announces Dividend

The company also recently declared a dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were issued a dividend of $0.2713 per share. The ex-dividend date was Monday, June 15th. iShares Copper and Metals Mining ETF’s dividend payout ratio is currently -31.67%.

Institutional Trading of iShares Copper and Metals Mining ETF

A number of institutional investors have recently modified their holdings of ICOP. Sigma Planning Corp bought a new stake in shares of iShares Copper and Metals Mining ETF in the fourth quarter worth about $513,000. Western Wealth Management LLC bought a new position in iShares Copper and Metals Mining ETF during the 4th quarter valued at approximately $540,000. Purpose Unlimited Inc. bought a new position in iShares Copper and Metals Mining ETF during the 4th quarter valued at approximately $996,000. Kera Capital Partners Inc. purchased a new stake in iShares Copper and Metals Mining ETF in the 4th quarter worth approximately $1,083,000. Finally, Clare Market Investments LLC bought a new stake in shares of iShares Copper and Metals Mining ETF in the 1st quarter worth approximately $521,000. 1.35% of the stock is currently owned by hedge funds and other institutional investors.

iShares Copper and Metals Mining ETF Company Profile

(Get Free Report)

The iShares Copper and Metals Mining ETF (ICOP) is an exchange-traded fund that mostly invests in materials equity. The fund tracks a market-capitalization weighted index composed of stocks of copper and metal ore mining companies globally. Stocks are quantitatively screened to identify stocks with significant revenue tied to this space ICOP was launched on Jun 21, 2023 and is managed by BlackRock.

Further Reading

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