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

iShares Copper and Metals Mining ETF (NASDAQ:ICOP) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totaling 229,638 shares, a growth of 859.2% from the December 15th total of 23,940 shares. Based on an average trading volume of 146,143 shares, the days-to-cover ratio is presently 1.6 days. Currently, 5.3% of the company’s stock are short sold. Currently, 5.3% of the company’s stock are short sold. Based on an average trading volume of 146,143 shares, the days-to-cover ratio is presently 1.6 days.

Institutional Investors Weigh In On iShares Copper and Metals Mining ETF

A number of large investors have recently made changes to their positions in ICOP. JFS Wealth Advisors LLC bought a new stake in iShares Copper and Metals Mining ETF during the fourth quarter valued at approximately $27,000. Sunbelt Securities Inc. purchased a new position in shares of iShares Copper and Metals Mining ETF during the 3rd quarter worth $76,000. Allie Family Office LLC bought a new stake in shares of iShares Copper and Metals Mining ETF during the 3rd quarter valued at $206,000. J. Safra Sarasin Holding AG purchased a new stake in shares of iShares Copper and Metals Mining ETF in the 3rd quarter worth $350,000. Finally, SeaCrest Wealth Management LLC bought a new position in iShares Copper and Metals Mining ETF in the 2nd quarter worth $518,000. 1.35% of the stock is currently owned by institutional investors.

iShares Copper and Metals Mining ETF Stock Performance

Shares of ICOP traded up $0.56 on Wednesday, hitting $49.40. 487,240 shares of the stock traded hands, compared to its average volume of 343,633. iShares Copper and Metals Mining ETF has a one year low of $21.10 and a one year high of $49.70. The business has a 50 day simple moving average of $42.02 and a 200 day simple moving average of $36.57. The company has a market capitalization of $224.76 million, a PE ratio of -17.58 and a beta of 0.85.

iShares Copper and Metals Mining ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, January 5th. Investors of record on Tuesday, December 30th were issued a $0.0295 dividend. The ex-dividend date was Tuesday, December 30th. This represents a yield of 13.0%. iShares Copper and Metals Mining ETF’s dividend payout ratio (DPR) is currently -32.74%.

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.