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

iShares Copper and Metals Mining ETF (NASDAQ:ICOP) was the recipient of a significant growth in short interest in October. As of October 31st, there was short interest totalling 24,700 shares, a growth of 187.2% from the October 15th total of 8,600 shares. Based on an average trading volume of 21,600 shares, the days-to-cover ratio is presently 1.1 days.

iShares Copper and Metals Mining ETF Stock Performance

iShares Copper and Metals Mining ETF stock opened at $27.67 on Friday. The firm has a market capitalization of $31.82 million, a price-to-earnings ratio of -9.83 and a beta of 1.04. iShares Copper and Metals Mining ETF has a fifty-two week low of $22.61 and a fifty-two week high of $35.41. The stock’s fifty day moving average is $30.03 and its two-hundred day moving average is $30.20.

Institutional Trading of iShares Copper and Metals Mining ETF

Several large investors have recently bought and sold shares of the company. WT Wealth Management acquired a new stake in iShares Copper and Metals Mining ETF in the third quarter valued at $225,000. Sunbelt Securities Inc. acquired a new stake in iShares Copper and Metals Mining ETF in the second quarter valued at $289,000. Glass Jacobson Investment Advisors llc grew its holdings in iShares Copper and Metals Mining ETF by 80.6% in the second quarter. Glass Jacobson Investment Advisors llc now owns 1,806 shares of the company’s stock valued at $54,000 after purchasing an additional 806 shares during the last quarter. Finally, Bright Futures Wealth Management LLC. grew its holdings in iShares Copper and Metals Mining ETF by 1.5% in the second 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 during the last quarter. Institutional investors and hedge funds 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.