iShares Copper and Metals Mining ETF (NASDAQ:ICOP) Short Interest Up 56.5% in August

iShares Copper and Metals Mining ETF (NASDAQ:ICOP) was the recipient of a large growth in short interest in August. As of August 14th, there was short interest totaling 41,197 shares, a growth of 56.5% from the July 30th total of 26,327 shares. Based on an average daily trading volume, of 89,554 shares, the short-interest ratio is currently 0.5 days. Currently, 0.5% of the shares of the stock are sold short.

iShares Copper and Metals Mining ETF Stock Up 1.2%

Shares of NASDAQ ICOP opened at $56.96 on Thursday. The company’s 50-day simple moving average is $52.19 and its 200-day simple moving average is $51.81. iShares Copper and Metals Mining ETF has a 52-week low of $32.48 and a 52-week high of $60.93. The firm has a market cap of $489.86 million, a price-to-earnings ratio of -20.27 and a beta of 0.92.

iShares Copper and Metals Mining ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were given a dividend of $0.2713 per share. The ex-dividend date was Monday, June 15th. iShares Copper and Metals Mining ETF’s dividend payout ratio is -31.67%.

Institutional Investors Weigh In On iShares Copper and Metals Mining ETF

Several institutional investors have recently bought and sold shares of ICOP. Evolution Wealth Management Inc. acquired a new position in shares of iShares Copper and Metals Mining ETF during the first quarter valued at approximately $25,000. Fifth Third Bancorp purchased a new stake in shares of iShares Copper and Metals Mining ETF during the first quarter worth approximately $29,000. Markowski Investments acquired a new position in iShares Copper and Metals Mining ETF in the 2nd quarter valued at $37,000. Steward Partners Investment Advisory LLC raised its stake in iShares Copper and Metals Mining ETF by 147.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,334 shares of the company’s stock valued at $59,000 after purchasing an additional 794 shares during the last quarter. Finally, Sunbelt Securities Inc. purchased a new position in iShares Copper and Metals Mining ETF in the 3rd quarter valued at $76,000. 1.35% of the stock is currently owned by institutional investors and hedge funds.

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.