iShares Copper and Metals Mining ETF (NASDAQ:ICOP) Short Interest Update

iShares Copper and Metals Mining ETF (NASDAQ:ICOP) saw a significant increase in short interest during the month of November. As of November 30th, there was short interest totalling 25,000 shares, an increase of 39.7% from the November 15th total of 17,900 shares. Based on an average daily trading volume, of 19,600 shares, the days-to-cover ratio is presently 1.3 days.

iShares Copper and Metals Mining ETF Stock Performance

Shares of NASDAQ ICOP opened at $27.82 on Friday. iShares Copper and Metals Mining ETF has a fifty-two week low of $23.31 and a fifty-two week high of $35.41. The company has a market cap of $31.99 million, a PE ratio of -9.90 and a beta of 1.04. The business has a 50-day simple moving average of $29.49 and a two-hundred day simple moving average of $29.57.

Hedge Funds Weigh In On iShares Copper and Metals Mining ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bright Futures Wealth Management LLC. increased its stake in iShares Copper and Metals Mining ETF by 1.5% during the 2nd quarter. Bright Futures Wealth Management LLC. now owns 32,856 shares of the company’s stock valued at $907,000 after purchasing an additional 476 shares in the last quarter. Glass Jacobson Investment Advisors llc lifted its stake in shares of 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 worth $54,000 after buying an additional 806 shares during the period. Sunbelt Securities Inc. purchased a new stake in shares of iShares Copper and Metals Mining ETF during the second quarter valued at $289,000. Finally, WT Wealth Management acquired a new position in shares of iShares Copper and Metals Mining ETF in the 3rd quarter valued at $225,000. 1.35% of the stock is owned by hedge funds and other institutional investors.

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.