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 during the month of April. As of April 30th, there was short interest totaling 32,567 shares, a decline of 66.2% from the April 15th total of 96,378 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average trading volume of 140,426 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On iShares Copper and Metals Mining ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Evolution Wealth Management Inc. bought a new stake in iShares Copper and Metals Mining ETF during the 1st quarter worth $25,000. Fifth Third Bancorp bought a new stake in iShares Copper and Metals Mining ETF during the 1st quarter worth $29,000. JFS Wealth Advisors LLC bought a new stake in iShares Copper and Metals Mining ETF during the 4th quarter worth $27,000. HHM Wealth Advisors LLC bought a new stake in iShares Copper and Metals Mining ETF during the 4th quarter worth $29,000. Finally, Steward Partners Investment Advisory LLC grew its position in iShares Copper and Metals Mining ETF by 147.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,334 shares of the company’s stock worth $59,000 after acquiring an additional 794 shares during the last quarter. Institutional investors own 1.35% of the company’s stock.

iShares Copper and Metals Mining ETF Price Performance

ICOP stock traded down $3.60 during midday trading on Friday, reaching $51.88. 182,938 shares of the stock were exchanged, compared to its average volume of 287,716. The stock has a market capitalization of $446.17 million, a PE ratio of -18.46 and a beta of 0.83. iShares Copper and Metals Mining ETF has a 52 week low of $26.94 and a 52 week high of $60.08. The company has a fifty day moving average price of $49.95 and a 200 day moving average price of $47.35.

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.