iShares Copper and Metals Mining ETF (NASDAQ:ICOP) Sees Significant Increase in Short Interest

iShares Copper and Metals Mining ETF (NASDAQ:ICOP) saw a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 60,008 shares, an increase of 439.7% from the June 30th total of 11,119 shares. Based on an average daily trading volume, of 78,054 shares, the short-interest ratio is presently 0.8 days. Approximately 0.7% of the shares of the company are short sold.

Institutional Trading of iShares Copper and Metals Mining ETF

Institutional investors have recently added to or reduced their stakes in the business. Evolution Wealth Management Inc. acquired a new stake in shares of iShares Copper and Metals Mining ETF during the first quarter worth $25,000. Fifth Third Bancorp acquired a new position in shares of iShares Copper and Metals Mining ETF in the 1st quarter valued at about $29,000. JFS Wealth Advisors LLC bought a new stake in shares of iShares Copper and Metals Mining ETF during the 4th quarter valued at about $27,000. HHM Wealth Advisors LLC bought a new stake in shares of iShares Copper and Metals Mining ETF during the 4th quarter valued at about $29,000. Finally, Sigma Planning Corp raised its stake in iShares Copper and Metals Mining ETF by 6.1% during the first quarter. Sigma Planning Corp now owns 12,281 shares of the company’s stock worth $584,000 after acquiring an additional 709 shares during the period. Institutional investors own 1.35% of the company’s stock.

iShares Copper and Metals Mining ETF Stock Down 0.4%

Shares of ICOP traded down $0.18 during mid-day trading on Friday, hitting $49.39. The stock had a trading volume of 88,255 shares, compared to its average volume of 224,980. iShares Copper and Metals Mining ETF has a fifty-two week low of $28.51 and a fifty-two week high of $60.08. The company has a market cap of $424.75 million, a PE ratio of -17.58 and a beta of 0.92. The company’s fifty day simple moving average is $51.17 and its two-hundred day simple moving average is $51.04.

iShares Copper and Metals Mining ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were paid a dividend of $0.2713 per share. The ex-dividend date was Monday, June 15th. iShares Copper and Metals Mining ETF’s dividend payout ratio (DPR) is -31.67%.

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.