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

iShares Copper and Metals Mining ETF (NASDAQ:ICOP) saw a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 11,119 shares, a drop of 80.2% from the June 15th total of 56,030 shares. Based on an average daily volume of 93,295 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are short sold.

iShares Copper and Metals Mining ETF Price Performance

ICOP stock traded up $0.61 during midday trading on Friday, reaching $48.75. The company had a trading volume of 71,404 shares, compared to its average volume of 237,893. iShares Copper and Metals Mining ETF has a 1-year low of $28.51 and a 1-year high of $60.08. The stock has a 50 day moving average price of $52.05 and a 200-day moving average price of $50.77. The company has a market capitalization of $424.12 million, a price-to-earnings ratio of -17.35 and a beta of 0.92.

iShares Copper and Metals Mining ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were issued 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 (DPR) is currently -31.67%.

Institutional Trading of iShares Copper and Metals Mining ETF

A number of institutional investors and hedge funds have recently made changes to their positions in ICOP. Evolution Wealth Management Inc. acquired a new position in shares of iShares Copper and Metals Mining ETF in the first quarter valued at approximately $25,000. Fifth Third Bancorp acquired a new stake in shares of iShares Copper and Metals Mining ETF during the first quarter worth $29,000. JFS Wealth Advisors LLC bought a new position in iShares Copper and Metals Mining ETF during the fourth quarter worth $27,000. HHM Wealth Advisors LLC acquired a new position in iShares Copper and Metals Mining ETF in the fourth quarter valued at $29,000. Finally, Sigma Planning Corp lifted its holdings in iShares Copper and Metals Mining ETF by 6.1% in the first quarter. Sigma Planning Corp now owns 12,281 shares of the company’s stock valued at $584,000 after buying an additional 709 shares during the period. Institutional investors own 1.35% of the company’s stock.

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.