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

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

Institutional Inflows and Outflows

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

iShares MSCI Global Metals & Mining Producers ETF Price Performance

Shares of PICK opened at $66.09 on Friday. The firm has a 50-day moving average of $61.03 and a 200-day moving average of $56.78. iShares MSCI Global Metals & Mining Producers ETF has a one year low of $35.51 and a one year high of $67.90. The company has a market cap of $1.32 billion, a PE 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.