Short Interest in iShares Copper and Metals Mining ETF (NASDAQ:ICOP) Decreases By 80.2%

iShares Copper and Metals Mining ETF (NASDAQ:ICOP) saw a significant 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. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 93,295 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On iShares Copper and Metals Mining ETF

A number of hedge funds 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 first quarter valued at $25,000. Fifth Third Bancorp acquired a new stake in iShares Copper and Metals Mining ETF during the 1st quarter worth about $29,000. JFS Wealth Advisors LLC bought a new position in shares of iShares Copper and Metals Mining ETF in the 4th quarter worth about $27,000. HHM Wealth Advisors LLC bought a new position in shares of iShares Copper and Metals Mining ETF in the 4th quarter worth about $29,000. Finally, Sigma Planning Corp lifted its stake in shares of iShares Copper and Metals Mining ETF by 6.1% in the 1st quarter. Sigma Planning Corp now owns 12,281 shares of the company’s stock valued at $584,000 after purchasing an additional 709 shares during the period. Institutional investors own 1.35% of the company’s stock.

iShares Copper and Metals Mining ETF Trading Down 2.3%

NASDAQ:ICOP traded down $1.14 on Monday, reaching $47.61. 54,145 shares of the stock traded hands, compared to its average volume of 236,490. iShares Copper and Metals Mining ETF has a 1-year low of $28.51 and a 1-year high of $60.08. The company’s 50 day moving average is $52.01 and its 200-day moving average is $50.83. The firm has a market capitalization of $414.21 million, a price-to-earnings ratio of -16.94 and a beta of 0.92.

iShares Copper and Metals Mining ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were paid a $0.2713 dividend. The ex-dividend date of this dividend was Monday, June 15th. iShares Copper and Metals Mining ETF’s dividend payout ratio is currently -31.67%.

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.