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

iShares MSCI Global Metals & Mining Producers ETF (BATS:PICK) saw a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 868,292 shares, a drop of 48.4% from the August 15th total of 1,682,260 shares. Based on an average daily volume of 811,943 shares, the short-interest ratio is presently 1.1 days. Currently, 4.3% of the shares of the stock are sold short.

iShares MSCI Global Metals & Mining Producers ETF Stock Down 0.8%

PICK opened at $60.95 on Thursday. The company has a market cap of $1.22 billion, a price-to-earnings ratio of 13.28 and a beta of 1.08. The firm’s fifty day simple moving average is $61.77 and its two-hundred day simple moving average is $61.16. iShares MSCI Global Metals & Mining Producers ETF has a 52-week low of $42.11 and a 52-week high of $69.02.

Institutional Investors Weigh In On iShares MSCI Global Metals & Mining Producers ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Parallel Advisors LLC lifted its holdings in iShares MSCI Global Metals & Mining Producers ETF by 116.2% in the first quarter. Parallel Advisors LLC now owns 759 shares of the company’s stock valued at $43,000 after acquiring an additional 408 shares during the last quarter. RMG Wealth Management LLC acquired a new position in shares of iShares MSCI Global Metals & Mining Producers ETF in the 1st quarter valued at $59,000. Sunbelt Securities Inc. grew its holdings in shares of iShares MSCI Global Metals & Mining Producers ETF by 104.0% during the 1st quarter. Sunbelt Securities Inc. now owns 1,334 shares of the company’s stock worth $75,000 after purchasing an additional 680 shares during the period. Everett Harris & Co. CA purchased a new position in shares of iShares MSCI Global Metals & Mining Producers ETF during the 4th quarter worth $205,000. Finally, Nano Cap New Millennium Growth Fund L P acquired a new stake in shares of iShares MSCI Global Metals & Mining Producers ETF during the 4th quarter worth about $334,000.

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.