(ICOP) iShares Copper Metals - Ratings and Ratios

The iShares Copper and Metals Mining ETF (NASDAQ:ICOP) is designed to provide exposure to companies involved in the copper and broader metals mining industries. The fund typically allocates at least 80% of its assets to securities from its underlying index or investments with similar economic characteristics. It may also utilize derivatives such as futures, options, and swap contracts, as well as hold cash and cash equivalents, up to 20% of its assets. As a non-diversified fund, it may concentrate investments in a smaller number of securities, which can increase risk but also align more closely with its target sector.

From a technical perspective, ICOP has shown a narrowing range between its 20-day and 50-day moving averages, suggesting a potential period of consolidation. The 200-day moving average at 28.50 indicates recent price action has been below the longer-term trend. Average trading volume over the past 20 days is 17,206 shares, with an ATR of 0.57, signaling moderate volatility. The funds AUM of $47.66M reflects its niche focus on metals mining.