Short Interest in iShares Copper and Metals Mining ETF (NASDAQ:ICOP) Drops By 7.7%

iShares Copper and Metals Mining ETF (NASDAQ:ICOPGet Free Report) was the target of a significant drop in short interest during the month of May. As of May 15th, there was short interest totalling 25,200 shares, a drop of 7.7% from the April 30th total of 27,300 shares. Based on an average trading volume of 28,000 shares, the short-interest ratio is presently 0.9 days.

iShares Copper and Metals Mining ETF Trading Down 2.0 %

Shares of ICOP opened at $31.56 on Tuesday. iShares Copper and Metals Mining ETF has a 1 year low of $21.54 and a 1 year high of $35.41. The stock has a market cap of $15.78 million, a P/E ratio of -11.23 and a beta of 1.04. The stock’s 50-day moving average price is $31.20 and its two-hundred day moving average price is $27.05.

iShares Copper and Metals Mining ETF Company Profile

(Get Free Report)

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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