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

iShares Copper and Metals Mining ETF (NASDAQ:ICOP) was the recipient of a large decline in short interest in the month of January. As of January 15th, there was short interest totalling 8,900 shares, a decline of 71.8% from the December 31st total of 31,600 shares. Based on an average daily trading volume, of 17,700 shares, the short-interest ratio is currently 0.5 days.

Institutional Investors Weigh In On iShares Copper and Metals Mining ETF

Institutional investors and hedge funds have recently modified their holdings of the company. WT Wealth Management acquired a new position in iShares Copper and Metals Mining ETF during the 3rd quarter worth $225,000. Sunbelt Securities Inc. acquired a new position in shares of iShares Copper and Metals Mining ETF during the second quarter worth about $289,000. Finally, U.S. Capital Wealth Advisors LLC purchased a new stake in shares of iShares Copper and Metals Mining ETF during the fourth quarter worth approximately $548,000. Hedge funds and other institutional investors own 1.35% of the company’s stock.

iShares Copper and Metals Mining ETF Price Performance

Shares of NASDAQ:ICOP traded up $0.26 during mid-day trading on Wednesday, reaching $25.84. 8,494 shares of the company were exchanged, compared to its average volume of 42,227. iShares Copper and Metals Mining ETF has a 1 year low of $23.31 and a 1 year high of $35.41. The firm’s 50-day simple moving average is $26.98 and its 200 day simple moving average is $28.53. The firm has a market cap of $46.51 million, a price-to-earnings ratio of -9.20 and a beta of 1.04.

iShares Copper and Metals Mining ETF Announces Dividend

The company also recently declared a dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 17th were given a dividend of $0.4218 per share. The ex-dividend date of this dividend was Tuesday, December 17th. iShares Copper and Metals Mining ETF’s dividend payout ratio is currently -16.73%.

iShares Copper and Metals Mining ETF Company Profile

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.