iShares Copper and Metals Mining ETF (NASDAQ:ICOP) Short Interest Up 40.3% in February

iShares Copper and Metals Mining ETF (NASDAQ:ICOP) was the recipient of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 22,300 shares, a growth of 40.3% from the February 13th total of 15,900 shares. Currently, 1.2% of the company’s shares are short sold. Based on an average trading volume of 23,200 shares, the days-to-cover ratio is presently 1.0 days.

iShares Copper and Metals Mining ETF Stock Up 2.2 %

ICOP stock traded up $0.61 during trading on Monday, reaching $28.08. The stock had a trading volume of 12,622 shares, compared to its average volume of 27,180. The company’s 50 day moving average is $26.45 and its two-hundred day moving average is $28.04. The company has a market capitalization of $50.54 million, a price-to-earnings ratio of -9.99 and a beta of 1.04. iShares Copper and Metals Mining ETF has a one year low of $24.65 and a one year high of $35.41.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. IFP Advisors Inc purchased a new position in shares of iShares Copper and Metals Mining ETF in the fourth quarter valued at about $38,000. U.S. Capital Wealth Advisors LLC purchased a new stake in iShares Copper and Metals Mining ETF during the 4th quarter valued at $548,000. OLD Mission Capital LLC lifted its position in iShares Copper and Metals Mining ETF by 76.1% during the fourth quarter. OLD Mission Capital LLC now owns 72,199 shares of the company’s stock valued at $1,843,000 after purchasing an additional 31,200 shares during the period. Finally, W.G. Shaheen & Associates DBA Whitney & Co purchased a new stake in shares of iShares Copper and Metals Mining ETF during the 4th quarter valued at about $3,698,000. 1.35% of the stock is currently owned by hedge funds and other institutional investors.

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.