iShares Copper and Metals Mining ETF (NASDAQ:ICOP) Short Interest Up 54.7% in March

iShares Copper and Metals Mining ETF (NASDAQ:ICOP) was the recipient of a large increase in short interest in March. As of March 15th, there was short interest totalling 34,500 shares, an increase of 54.7% from the February 28th total of 22,300 shares. Approximately 1.9% of the shares of the company are short sold. Based on an average trading volume of 23,100 shares, the short-interest ratio is currently 1.5 days.

Institutional Investors Weigh In On iShares Copper and Metals Mining ETF

Institutional investors have recently bought and sold shares of the business. IFP Advisors Inc bought a new position in shares of iShares Copper and Metals Mining ETF in the fourth quarter worth about $38,000. U.S. Capital Wealth Advisors LLC bought a new position in iShares Copper and Metals Mining ETF in the 4th quarter worth approximately $548,000. OLD Mission Capital LLC lifted its holdings in iShares Copper and Metals Mining ETF by 76.1% during the 4th quarter. OLD Mission Capital LLC now owns 72,199 shares of the company’s stock worth $1,843,000 after buying an additional 31,200 shares in the last quarter. Finally, W.G. Shaheen & Associates DBA Whitney & Co bought a new position in iShares Copper and Metals Mining ETF in the 4th quarter valued at $3,698,000. Institutional investors and hedge funds own 1.35% of the company’s stock.

iShares Copper and Metals Mining ETF Trading Down 2.3 %

Shares of NASDAQ:ICOP opened at $25.90 on Tuesday. The firm has a market capitalization of $46.62 million, a PE ratio of -9.22 and a beta of 1.04. iShares Copper and Metals Mining ETF has a 1-year low of $24.65 and a 1-year high of $35.41. The business’s 50 day moving average is $26.73 and its 200-day moving average is $28.04.

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.