iShares Copper and Metals Mining ETF (NASDAQ:ICOP) Stock Short Interest Report for September

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

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of ICOP. Evolution Wealth Management Inc. acquired a new stake in iShares Copper and Metals Mining ETF in the first quarter worth $25,000. Fifth Third Bancorp bought a new stake in iShares Copper and Metals Mining ETF in the first quarter valued at $29,000. Markowski Investments acquired a new position in shares of iShares Copper and Metals Mining ETF during the second quarter valued at about $37,000. Center for Financial Planning Inc. acquired a new position in shares of iShares Copper and Metals Mining ETF during the first quarter valued at about $126,000. Finally, Farther Finance Advisors LLC raised its holdings in shares of iShares Copper and Metals Mining ETF by 17.4% during the third quarter. Farther Finance Advisors LLC now owns 3,080 shares of the company’s stock valued at $164,000 after purchasing an additional 457 shares during the period. Institutional investors and hedge funds own 1.35% of the company’s stock.

iShares Copper and Metals Mining ETF Stock Performance

iShares Copper and Metals Mining ETF stock opened at $51.73 on Friday. The stock has a market capitalization of $455.22 million, a price-to-earnings ratio of -18.41 and a beta of 0.99. iShares Copper and Metals Mining ETF has a 52-week low of $36.08 and a 52-week high of $60.93. The stock’s 50 day moving average price is $55.42 and its two-hundred day moving average price is $52.74.

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.