iShares Copper and Metals Mining ETF (NASDAQ:ICOP) Short Interest Up 39.7% in November

iShares Copper and Metals Mining ETF (NASDAQ:ICOP) saw a significant increase in short interest in 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 trading volume of 19,600 shares, the days-to-cover ratio is currently 1.3 days.

Institutional Investors Weigh In On iShares Copper and Metals Mining ETF

A number of institutional investors have recently modified their holdings of the business. Bright Futures Wealth Management LLC. raised its holdings in 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 purchasing an additional 476 shares during the period. Sunbelt Securities Inc. acquired a new stake in iShares Copper and Metals Mining ETF in the second quarter valued at approximately $289,000. WT Wealth Management purchased a new stake in shares of iShares Copper and Metals Mining ETF in the third quarter valued at approximately $225,000. Finally, Glass Jacobson Investment Advisors llc raised its stake in shares of iShares Copper and Metals Mining ETF by 80.6% during the 2nd quarter. Glass Jacobson Investment Advisors llc now owns 1,806 shares of the company’s stock worth $54,000 after buying an additional 806 shares during the period. 1.35% of the stock is currently owned by institutional investors and hedge funds.

iShares Copper and Metals Mining ETF Stock Performance

NASDAQ ICOP traded down $0.39 during mid-day trading on Friday, reaching $27.82. 11,346 shares of the stock were exchanged, compared to its average volume of 23,290. iShares Copper and Metals Mining ETF has a 1 year low of $23.31 and a 1 year high of $35.41. The business’s 50 day moving average is $29.49 and its 200-day moving average is $29.57. The company has a market capitalization of $31.99 million, a P/E ratio of -9.90 and a beta of 1.04.

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.