iShares Copper and Metals Mining ETF (NASDAQ:ICOP) Shares Shorted: Short Interest Down 39.6% in September

iShares Copper and Metals Mining ETF (NASDAQ:ICOP) was the target of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 103,471 shares, a decrease of 39.6% from the September 15th total of 171,372 shares. Approximately 1.2% of the shares of the company are sold short. Based on an average trading volume of 74,729 shares, the days-to-cover ratio is presently 1.4 days.

Institutional Investors Weigh In On iShares Copper and Metals Mining ETF

Large investors have recently modified their holdings of the business. W.G. Shaheen & Associates DBA Whitney & Co increased its position in shares of iShares Copper and Metals Mining ETF by 3.6% during the first quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 167,003 shares of the company’s stock worth $7,946,000 after purchasing an additional 5,765 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its position in iShares Copper and Metals Mining ETF by 37.4% in the 3rd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 92,416 shares of the company’s stock worth $4,918,000 after buying an additional 25,165 shares during the period. Kera Capital Partners Inc. boosted its position in shares of iShares Copper and Metals Mining ETF by 54.8% in the first quarter. Kera Capital Partners Inc. now owns 37,840 shares of the company’s stock valued at $1,800,000 after acquiring an additional 13,392 shares during the period. Purpose Unlimited Inc. acquired a new stake in iShares Copper and Metals Mining ETF in the 4th quarter worth $996,000. Finally, Quantinno Capital Management LP bought a new stake in shares of iShares Copper and Metals Mining ETF during the first quarter valued at approximately $909,000. Hedge funds and other institutional investors own 1.35% of the company’s stock.

iShares Copper and Metals Mining ETF Trading Down 0.5%

Shares of NASDAQ ICOP traded down $0.25 during midday trading on Friday, reaching $51.73. 43,726 shares of the company were exchanged, compared to its average volume of 191,218. The stock has a fifty day simple moving average of $55.50 and a 200 day simple moving average of $52.74. The stock has a market cap of $455.22 million, a P/E ratio of -18.41 and a beta of 0.99. iShares Copper and Metals Mining ETF has a 1 year low of $36.08 and a 1 year high of $60.93.

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.