Short Interest in iShares Copper and Metals Mining ETF (NASDAQ:ICOP) Rises By 54.7%

iShares Copper and Metals Mining ETF (NASDAQ:ICOP) saw a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 34,500 shares, a growth of 54.7% from the February 28th total of 22,300 shares. Currently, 1.9% of the company’s shares are short sold. Based on an average daily volume of 23,100 shares, the days-to-cover ratio is presently 1.5 days.

iShares Copper and Metals Mining ETF Price Performance

Shares of iShares Copper and Metals Mining ETF stock traded down $0.74 on Friday, hitting $26.52. 9,256 shares of the company’s stock traded hands, compared to its average volume of 27,555. The company has a fifty day moving average of $26.74 and a two-hundred day moving average of $28.04. iShares Copper and Metals Mining ETF has a one year low of $24.65 and a one year high of $35.41. The company has a market capitalization of $47.74 million, a price-to-earnings ratio of -9.44 and a beta of 1.04.

Institutional Trading of iShares Copper and Metals Mining ETF

Large investors have recently modified their holdings of the stock. IFP Advisors Inc acquired a new position in shares of iShares Copper and Metals Mining ETF during the 4th quarter valued at $38,000. U.S. Capital Wealth Advisors LLC bought a new stake in iShares Copper and Metals Mining ETF in the fourth quarter valued at $548,000. OLD Mission Capital LLC raised its holdings in shares of iShares Copper and Metals Mining ETF by 76.1% during the fourth quarter. OLD Mission Capital LLC now owns 72,199 shares of the company’s stock valued at $1,843,000 after purchasing an additional 31,200 shares during the period. Finally, W.G. Shaheen & Associates DBA Whitney & Co bought a new position in shares of iShares Copper and Metals Mining ETF during the 4th quarter worth about $3,698,000. Institutional investors and hedge funds own 1.35% of the company’s stock.

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.