iShares MSCI Global Metals & Mining Producers ETF (BATS:PICK) Short Interest Update

iShares MSCI Global Metals & Mining Producers ETF (BATS:PICK) was the target of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 1,402,111 shares, a growth of 186.4% from the April 30th total of 489,568 shares. Currently, 7.0% of the shares of the company are short sold. Based on an average daily trading volume, of 770,211 shares, the short-interest ratio is presently 1.8 days.

Institutional Trading of iShares MSCI Global Metals & Mining Producers ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Sunbelt Securities Inc. boosted its holdings in shares of iShares MSCI Global Metals & Mining Producers ETF by 77.7% during the 4th quarter. Sunbelt Securities Inc. now owns 654 shares of the company’s stock worth $34,000 after buying an additional 286 shares during the period. Parallel Advisors LLC boosted its holdings in shares of iShares MSCI Global Metals & Mining Producers ETF by 116.2% during the 1st quarter. Parallel Advisors LLC now owns 759 shares of the company’s stock worth $43,000 after buying an additional 408 shares during the period. RMG Wealth Management LLC bought a new stake in shares of iShares MSCI Global Metals & Mining Producers ETF during the 1st quarter worth about $59,000. Rothschild Investment LLC bought a new stake in shares of iShares MSCI Global Metals & Mining Producers ETF during the 3rd quarter worth about $61,000. Finally, Advisors Preferred LLC bought a new stake in shares of iShares MSCI Global Metals & Mining Producers ETF during the 3rd quarter worth about $155,000.

iShares MSCI Global Metals & Mining Producers ETF Stock Performance

Shares of PICK stock opened at $66.09 on Friday. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 13.28 and a beta of 1.08. The company has a 50-day simple moving average of $61.03 and a 200 day simple moving average of $56.78. iShares MSCI Global Metals & Mining Producers ETF has a 52 week low of $35.51 and a 52 week high of $67.90.

iShares MSCI Global Metals & Mining Producers ETF Company Profile

The iShares MSCI Global Metals & Mining Producers ETF (PICK) is an exchange-traded fund that mostly invests in materials equity. The fund tracks a market-cap-weighted index of global metals mining, extraction or production firms, excluding gold and silver mining firms. PICK was launched on Jan 31, 2012 and is managed by BlackRock.