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

iShares MSCI Global Metals & Mining Producers ETF (BATS:PICK) was the target of a large increase in short interest during 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. Currently, 7.0% of the company’s stock are sold short. Based on an average daily trading volume, of 770,211 shares, the days-to-cover ratio is currently 1.8 days.

iShares MSCI Global Metals & Mining Producers ETF Price Performance

PICK stock opened at $66.09 on Monday. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 13.28 and a beta of 1.08. iShares MSCI Global Metals & Mining Producers ETF has a 12 month low of $35.51 and a 12 month high of $67.90. The firm has a 50 day moving average of $61.03 and a two-hundred day moving average of $56.86.

Institutional Trading of iShares MSCI Global Metals & Mining Producers ETF

Several large investors have recently added to or reduced their stakes in the business. Leuthold Group LLC acquired a new stake in shares of iShares MSCI Global Metals & Mining Producers ETF in the fourth quarter worth about $936,000. Miller Global Investments LLC acquired a new stake in shares of iShares MSCI Global Metals & Mining Producers ETF in the fourth quarter worth about $1,003,000. Principia Wealth Advisory LLC lifted its position in shares of iShares MSCI Global Metals & Mining Producers ETF by 107.1% in the fourth quarter. Principia Wealth Advisory LLC now owns 31,443 shares of the company’s stock worth $1,614,000 after buying an additional 16,259 shares during the last quarter. Everett Harris & Co. CA bought a new position in shares of iShares MSCI Global Metals & Mining Producers ETF in the 4th quarter valued at approximately $205,000. Finally, Resolute Advisors LLC raised its stake in shares of iShares MSCI Global Metals & Mining Producers ETF by 9.7% in the 4th quarter. Resolute Advisors LLC now owns 9,474 shares of the company’s stock valued at $486,000 after acquiring an additional 837 shares in the last quarter.

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.