iShares Copper and Metals Mining ETF (NASDAQ:ICOP) Short Interest Up 26.4% in December

iShares Copper and Metals Mining ETF (NASDAQ:ICOP) saw a significant growth in short interest in December. As of December 15th, there was short interest totalling 31,600 shares, a growth of 26.4% from the November 30th total of 25,000 shares. Based on an average trading volume of 19,300 shares, the short-interest ratio is presently 1.6 days.

Hedge Funds Weigh In On iShares Copper and Metals Mining ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Sunbelt Securities Inc. bought a new position in shares of iShares Copper and Metals Mining ETF during the 2nd quarter valued at $289,000. WT Wealth Management purchased a new stake in iShares Copper and Metals Mining ETF during the third quarter valued at $225,000. Glass Jacobson Investment Advisors llc increased its position in iShares Copper and Metals Mining ETF by 80.6% during the second quarter. Glass Jacobson Investment Advisors llc now owns 1,806 shares of the company’s stock valued at $54,000 after acquiring an additional 806 shares during the last quarter. Finally, Bright Futures Wealth Management LLC. lifted its holdings in iShares Copper and Metals Mining ETF by 1.5% in the second 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. Institutional investors own 1.35% of the company’s stock.

iShares Copper and Metals Mining ETF Stock Down 1.5 %

Shares of iShares Copper and Metals Mining ETF stock traded down $0.40 on Friday, reaching $25.84. The company’s stock had a trading volume of 10,474 shares, compared to its average volume of 23,130. iShares Copper and Metals Mining ETF has a 52 week low of $23.31 and a 52 week high of $35.41. The firm’s fifty day simple moving average is $28.51 and its two-hundred day simple moving average is $29.22. The company has a market capitalization of $29.72 million, a price-to-earnings ratio of -9.20 and a beta of 1.04.

iShares Copper and Metals Mining ETF Dividend Announcement

The firm also recently announced 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 dividend payout ratio (DPR) is -16.73%.

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.