iShares MSCI Global Metals & Mining Producers ETF (BATS:PICK) Sees Large Growth in Short Interest

iShares MSCI Global Metals & Mining Producers ETF (BATS:PICK) saw a large increase in short interest in July. As of July 31st, there was short interest totaling 1,703,278 shares, an increase of 55.3% from the July 15th total of 1,097,020 shares. Approximately 8.5% of the company’s stock are sold short. Based on an average daily trading volume, of 810,058 shares, the days-to-cover ratio is currently 2.1 days.

Hedge Funds 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. CoreCap Advisors LLC increased its stake in shares of iShares MSCI Global Metals & Mining Producers ETF by 36.3% during the second quarter. CoreCap Advisors LLC now owns 81,242 shares of the company’s stock worth $4,724,000 after buying an additional 21,628 shares during the period. Confluence Investment Management LLC increased its position in shares of iShares MSCI Global Metals & Mining Producers ETF by 5.7% in the 2nd quarter. Confluence Investment Management LLC now owns 152,199 shares of the company’s stock valued at $8,850,000 after purchasing an additional 8,227 shares during the last quarter. Parallel Advisors LLC raised its holdings in shares of iShares MSCI Global Metals & Mining Producers ETF by 116.2% in the 1st quarter. Parallel Advisors LLC now owns 759 shares of the company’s stock valued at $43,000 after purchasing an additional 408 shares in the last quarter. Vestor Capital LLC purchased a new stake in shares of iShares MSCI Global Metals & Mining Producers ETF during the 1st quarter worth $11,714,000. Finally, Sunbelt Securities Inc. grew its stake in shares of iShares MSCI Global Metals & Mining Producers ETF by 104.0% during the first quarter. Sunbelt Securities Inc. now owns 1,334 shares of the company’s stock worth $75,000 after purchasing an additional 680 shares in the last quarter.

iShares MSCI Global Metals & Mining Producers ETF Stock Down 1.9%

BATS:PICK opened at $61.87 on Wednesday. iShares MSCI Global Metals & Mining Producers ETF has a 52 week low of $39.61 and a 52 week high of $69.02. The company has a fifty day simple moving average of $59.98 and a two-hundred day simple moving average of $60.61. The company has a market cap of $1.24 billion, a price-to-earnings ratio of 13.28 and a beta of 1.08.

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.