iShares Copper and Metals Mining ETF (ICOP)Natural Resources | Exchange Traded Fund | NasdaqGM
47.56 USD
-1.23
(-2.522%) ⇩
(July 13, 2026, 4 p.m.
EDT)
|
Hot Take ↕ | July 11, 2026, 5:46 a.m. EDT
The copper mining sector is currently caught between a deteriorating price trend and aggressive speculative optimism. Fundamentally, the ETF has underperformed recently, posting a -4.8% drop last year after a strong 27.5% gain the prior year. While the two-year cumulative return remains positive at +21%, the recent weakness suggests the market is pricing in near-term headwinds for commodity prices. However, the options chain tells a different story: traders are positioning for a sharp rebound, with massive open interest in calls at $55 and $59, implying a belief that the metal will surge back toward its highs. This divergence creates a risky setup; the underlying business faces cyclical pressure, yet the market is betting on a quick recovery. The dividend yield of 1.8% is modest and insufficient to offset the capital loss potential if the commodity cycle turns lower again. |
| Model | MAE |
|---|---|
| AutoETS ✓ | 0.050557 |
| AutoARIMA | 0.050557 |
| MSTL_76 | 0.054404 |
| MSTL | 0.055029 |
| AutoTheta | 0.057251 |
| MSTL_76_109 | 0.064394 |
| MSTL_109 | 0.065213 |
Forecast horizon: 60 days | Selected: AutoETS
| Forecast Reliability | |
|---|---|
| Score | 43% |
| H-stat | 2.22 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.293 |
| Excess Kurtosis | -0.97 |
| Attribute | Value |
|---|---|
| Trailing P/E | 19.06 |
As of July 11, 2026, 5:46 a.m. EDT: Speculators are overwhelmingly bullish on the near term, with open interest heavily skewed toward out-of-the-money calls (86% of total call volume) and significant positioning at strikes 55 and 59 for the July expiration. This suggests a bet on a rally toward the $60 range. Conversely, put activity is muted and concentrated near the money, indicating limited hedging against a crash despite elevated implied volatility on deep OTM puts for August.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 0.48% | 1.96% | — | — |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-06-15 | 0.271 | 0.484015 |
| 2025-12-30 | 0.029 | 0.064862 |
| 2025-12-16 | 0.593 | 1.413588 |
| 2025-06-16 | 0.299 | 1.031746 |
| 2024-12-17 | 0.422 | 1.581116 |
| 2024-06-11 | 0.054 | 0.181208 |
| 2023-12-20 | 0.551 | 2.220073 |
| Attribute | Value |
|---|---|
| All Time High | 60.08 |
| All Time Low | 21.1 |
| Ask | 47.88 |
| Ask Size | 1 |
| Average Daily Volume10 Day | 78,130 |
| Average Daily Volume3 Month | 121,477 |
| Average Volume | 121,477 |
| Average Volume10Days | 78,130 |
| Beta3 Year | 1.34 |
| Bid | 47.22 |
| Bid Size | 1 |
| Category | Natural Resources |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 48.58 |
| Day Low | 47.3871 |
| Dividend Yield | 1.81 |
| Eps Trailing Twelve Months | 2.4955742 |
| Esg Populated | 0 |
| Exchange | NGM |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 51.8959 |
| Fifty Day Average Change | -4.336399 |
| Fifty Day Average Change Percent | -0.083559565 |
| Fifty Two Week Change Percent | 60.512997 |
| Fifty Two Week High | 60.08 |
| Fifty Two Week High Change | -12.5205 |
| Fifty Two Week High Change Percent | -0.20839714 |
| Fifty Two Week Low | 28.51 |
| Fifty Two Week Low Change | 19.049501 |
| Fifty Two Week Low Change Percent | 0.6681691 |
| Fifty Two Week Range | 28.51 - 60.08 |
| First Trade Date Milliseconds | 1,687,786,200,000 |
| Full Exchange Name | NasdaqGM |
| Fund Family | iShares |
| Fund Inception Date | 1,687,305,600 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Ipo Expected Date | 2,023-06-23 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | The fund generally will invest at least 80% of its assets in the component securities of its underlying index and in investments that have economic characteristics that are substantially identical to the component securities of its underlying index and may invest up to 20% of its assets in certain futures, options and swap contracts, cash and cash equivalents. The fund is non-diversified. |
| Long Name | iShares Copper and Metals Mining ETF |
| Market | us_market |
| Market State | PRE |
| Max Age | 86,400 |
| Message Board Id | finmb_1823240728 |
| Nav Price | 48.78359 |
| Net Assets | 428,826,752.0 |
| Net Expense Ratio | 0.47 |
| Open | 48.52 |
| Phone | 415-670-2000 |
| Previous Close | 48.79 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | -1.2304993 |
| Regular Market Change Percent | -2.5220315 |
| Regular Market Day High | 48.58 |
| Regular Market Day Low | 47.3871 |
| Regular Market Day Range | 47.3871 - 48.58 |
| Regular Market Open | 48.52 |
| Regular Market Previous Close | 48.79 |
| Regular Market Price | 47.5595 |
| Regular Market Time | 1,783,972,800 |
| Regular Market Volume | 53,161 |
| Short Name | iShares Copper and Metals Minin |
| Source Interval | 15 |
| Symbol | ICOP |
| Three Year Average Return | 0.24437429 |
| Total Assets | 428,826,752 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing P E | 19.057539 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | 4.53185 |
| Trailing Three Month Returns | 4.53185 |
| Triggerable | 1 |
| Two Hundred Day Average | 47.159176 |
| Two Hundred Day Average Change | 0.40032578 |
| Two Hundred Day Average Change Percent | 0.008488821 |
| Type Disp | ETF |
| Volume | 53,161 |
| Yield | 0.018099999 |
| Ytd Return | 11.96778 |