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

Posted by Paula Ricardo on Dec 15th, 2024

iShares Copper and Metals Mining ETF (NASDAQ:ICOP – Get Free Report) was the recipient of a large increase in short interest in the month of November. As of November 30th, there was short interest totalling 25,000 shares, an increase of 39.7% from the November 15th total of 17,900 shares. Based on an average daily volume of 19,600 shares, the days-to-cover ratio is currently 1.3 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Bright Futures Wealth Management LLC. lifted its holdings in shares of iShares Copper and Metals Mining ETF by 1.5% in the 2nd quarter. Bright Futures Wealth Management LLC. now owns 32,856 shares of the company’s stock worth $907,000 after acquiring an additional 476 shares during the last quarter. Glass Jacobson Investment Advisors llc raised its position in iShares Copper and Metals Mining ETF by 80.6% in the 2nd quarter. Glass Jacobson Investment Advisors llc now owns 1,806 shares of the company’s stock worth $54,000 after purchasing an additional 806 shares during the period. WT Wealth Management bought a new stake in iShares Copper and Metals Mining ETF in the third quarter worth about $225,000. Finally, Sunbelt Securities Inc. purchased a new position in shares of iShares Copper and Metals Mining ETF during the second quarter valued at approximately $289,000. 1.35% of the stock is owned by hedge funds and other institutional investors.

iShares Copper and Metals Mining ETF Stock Performance

NASDAQ ICOP opened at $27.82 on Friday. The business’s 50 day moving average price is $29.49 and its 200-day moving average price is $29.57. iShares Copper and Metals Mining ETF has a fifty-two week low of $23.31 and a fifty-two week high of $35.41. The company has a market cap of $31.99 million, a P/E ratio of -9.90 and a beta of 1.04.

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.