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

iShares Copper and Metals Mining ETF (NASDAQ:ICOP) was the recipient of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 24,700 shares, an increase of 187.2% from the October 15th total of 8,600 shares. Based on an average trading volume of 21,600 shares, the short-interest ratio is currently 1.1 days.

iShares Copper and Metals Mining ETF Stock Performance

Shares of ICOP stock opened at $27.67 on Friday. The company has a market capitalization of $31.82 million, a price-to-earnings ratio of -9.83 and a beta of 1.04. iShares Copper and Metals Mining ETF has a one year low of $22.61 and a one year high of $35.41. The company’s 50-day moving average is $30.03 and its 200 day moving average is $30.20.

Institutional Trading of iShares Copper and Metals Mining ETF

Institutional investors have recently added to or reduced their stakes in the business. Glass Jacobson Investment Advisors llc raised its stake in shares of iShares Copper and Metals Mining ETF by 80.6% in the second quarter. Glass Jacobson Investment Advisors llc now owns 1,806 shares of the company’s stock worth $54,000 after purchasing an additional 806 shares during the last quarter. WT Wealth Management bought a new stake in iShares Copper and Metals Mining ETF in the 3rd quarter worth about $225,000. Sunbelt Securities Inc. purchased a new position in iShares Copper and Metals Mining ETF in the 2nd quarter worth about $289,000. Finally, Bright Futures Wealth Management LLC. lifted its stake in iShares Copper and Metals Mining ETF by 1.5% during the 2nd quarter. Bright Futures Wealth Management LLC. now owns 32,856 shares of the company’s stock valued at $907,000 after acquiring an additional 476 shares during the period. 1.35% of the stock is currently owned by hedge funds and other institutional investors.

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.