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

iShares Copper and Metals Mining ETF (NASDAQ:ICOP) was the target of a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 11,119 shares, a decline of 80.2% from the June 15th total of 56,030 shares. Based on an average daily volume of 93,295 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the company’s stock are sold short.

iShares Copper and Metals Mining ETF Stock Performance

ICOP traded up $0.61 on Friday, hitting $48.75. 71,404 shares of the company were exchanged, compared to its average volume of 237,893. iShares Copper and Metals Mining ETF has a 12 month low of $28.51 and a 12 month high of $60.08. The company has a market cap of $424.12 million, a PE ratio of -17.35 and a beta of 0.92. The stock’s fifty day moving average is $52.05 and its 200-day moving average is $50.77.

iShares Copper and Metals Mining ETF Announces Dividend

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. W.G. Shaheen & Associates DBA Whitney & Co boosted its position in shares of iShares Copper and Metals Mining ETF by 3.6% in the first quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 167,003 shares of the company’s stock valued at $7,946,000 after acquiring an additional 5,765 shares during the period. LPL Financial LLC increased its position in iShares Copper and Metals Mining ETF by 1,008.5% during the fourth quarter. LPL Financial LLC now owns 94,257 shares of the company’s stock worth $4,177,000 after acquiring an additional 85,754 shares during the period. Jane Street Group LLC increased its position in iShares Copper and Metals Mining ETF by 252.8% during the fourth quarter. Jane Street Group LLC now owns 79,423 shares of the company’s stock worth $3,519,000 after acquiring an additional 56,910 shares during the period. Citadel Advisors LLC raised its stake in iShares Copper and Metals Mining ETF by 280.4% in the 3rd quarter. Citadel Advisors LLC now owns 39,995 shares of the company’s stock worth $1,505,000 after purchasing an additional 29,480 shares in the last quarter. Finally, Kera Capital Partners Inc. raised its stake in iShares Copper and Metals Mining ETF by 54.8% in the 1st quarter. Kera Capital Partners Inc. now owns 37,840 shares of the company’s stock worth $1,800,000 after purchasing an additional 13,392 shares in the last quarter. 1.35% of the stock is owned by institutional investors and hedge funds.

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.