iShares Copper and Metals Mining ETF (NASDAQ:ICOP – Get Free Report) was the target of a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 22,300 shares, an increase of 40.3% from the February 13th total of 15,900 shares. Approximately 1.2% of the company’s shares are short sold. Based on an average daily trading volume, of 23,200 shares, the short-interest ratio is currently 1.0 days.
iShares Copper and Metals Mining ETF Stock Performance
Shares of NASDAQ ICOP traded up $0.71 during midday trading on Friday, reaching $27.47. 12,762 shares of the stock were exchanged, compared to its average volume of 24,789. The stock has a market capitalization of $49.45 million, a P/E ratio of -9.78 and a beta of 1.04. The company has a 50 day simple moving average of $26.45 and a 200 day simple moving average of $28.04. iShares Copper and Metals Mining ETF has a twelve month low of $24.65 and a twelve month high of $35.41.
iShares Copper and Metals Mining ETF Dividend Announcement
The firm also recently announced a dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 17th were given a $0.4218 dividend. The ex-dividend date of this dividend was Tuesday, December 17th. iShares Copper and Metals Mining ETF’s dividend payout ratio is currently -16.73%.
Hedge Funds Weigh In On iShares Copper and Metals Mining ETF
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.
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