Short Interest in iShares Copper and Metals Mining ETF (NASDAQ:ICOP) Drops By 71.8%

iShares Copper and Metals Mining ETF (NASDAQ:ICOP) was the recipient of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totalling 8,900 shares, a decrease of 71.8% from the December 31st total of 31,600 shares. Based on an average daily trading volume, of 17,700 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Trading of iShares Copper and Metals Mining ETF

Large investors have recently made changes to their positions in the business. WT Wealth Management bought a new position in shares of iShares Copper and Metals Mining ETF in the third quarter valued at about $225,000. Sunbelt Securities Inc. acquired a new stake in iShares Copper and Metals Mining ETF in the 2nd quarter valued at about $289,000. Finally, U.S. Capital Wealth Advisors LLC bought a new position in shares of iShares Copper and Metals Mining ETF in the fourth quarter worth about $548,000. Institutional investors own 1.35% of the company’s stock.

iShares Copper and Metals Mining ETF Price Performance

Shares of NASDAQ:ICOP traded down $0.62 during trading on Tuesday, reaching $25.58. The stock had a trading volume of 16,383 shares, compared to its average volume of 44,217. The stock has a market capitalization of $46.04 million, a PE ratio of -9.10 and a beta of 1.04. iShares Copper and Metals Mining ETF has a 52 week low of $23.31 and a 52 week high of $35.41. The business’s 50-day moving average price is $27.03 and its 200 day moving average price is $28.55.

iShares Copper and Metals Mining ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 17th were given a $0.4218 dividend. The ex-dividend date of this dividend was Tuesday, December 17th. iShares Copper and Metals Mining ETF’s payout ratio is -16.73%.

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.