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

iShares Copper and Metals Mining ETF (NASDAQ:ICOP) saw a significant growth in short interest during the month of November. As of November 30th, there was short interest totalling 25,000 shares, a growth 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 presently 1.3 days.

Hedge Funds Weigh In On iShares Copper and Metals Mining ETF

Several institutional investors have recently bought and sold shares of the business. Glass Jacobson Investment Advisors llc raised its holdings in shares of iShares Copper and Metals Mining ETF by 80.6% during the second quarter. Glass Jacobson Investment Advisors llc now owns 1,806 shares of the company’s stock worth $54,000 after acquiring an additional 806 shares during the period. WT Wealth Management acquired a new position in shares of iShares Copper and Metals Mining ETF during the 3rd quarter worth approximately $225,000. Sunbelt Securities Inc. acquired a new stake in shares of iShares Copper and Metals Mining ETF during the 2nd quarter worth $289,000. Finally, Bright Futures Wealth Management LLC. boosted 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 valued at $907,000 after purchasing an additional 476 shares in the last quarter. Institutional investors own 1.35% of the company’s stock.

iShares Copper and Metals Mining ETF Trading Down 1.5 %

iShares Copper and Metals Mining ETF stock traded down $0.42 during mid-day trading on Friday, hitting $27.79. 10,109 shares of the company’s stock were exchanged, compared to its average volume of 23,285. The stock has a market cap of $31.96 million, a P/E ratio of -9.86 and a beta of 1.04. iShares Copper and Metals Mining ETF has a 1-year low of $23.31 and a 1-year high of $35.41. The stock has a 50 day moving average of $29.57 and a two-hundred day moving average of $29.63.

About iShares Copper and Metals Mining ETF

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.