Short Interest in iShares MSCI Global Metals & Mining Producers ETF (BATS:PICK) Rises By 55.3%

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

Hedge Funds Weigh In On iShares MSCI Global Metals & Mining Producers ETF

Several institutional investors have recently made changes to their positions in the company. Ameriprise Financial Inc. increased its position in iShares MSCI Global Metals & Mining Producers ETF by 3.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 87,253 shares of the company’s stock valued at $3,281,000 after purchasing an additional 3,242 shares during the period. Leuthold Group LLC purchased a new stake in shares of iShares MSCI Global Metals & Mining Producers ETF during the 4th quarter worth $936,000. Nano Cap New Millennium Growth Fund L P purchased a new position in shares of iShares MSCI Global Metals & Mining Producers ETF in the 4th quarter worth approximately $334,000. Allied Investment Advisors LLC acquired a new stake in shares of iShares MSCI Global Metals & Mining Producers ETF in the 4th quarter worth $3,613,000. Finally, Principia Wealth Advisory LLC increased its holdings in shares of iShares MSCI Global Metals & Mining Producers ETF by 107.1% during the fourth quarter. Principia Wealth Advisory LLC now owns 31,443 shares of the company’s stock valued at $1,614,000 after acquiring an additional 16,259 shares in the last quarter.

iShares MSCI Global Metals & Mining Producers ETF Stock Performance

Shares of BATS PICK opened at $63.05 on Tuesday. The business’s 50 day moving average price is $59.98 and its 200-day moving average price is $60.61. The company has a market cap of $1.26 billion, a price-to-earnings ratio of 13.28 and a beta of 1.08. iShares MSCI Global Metals & Mining Producers ETF has a fifty-two week low of $39.61 and a fifty-two week high of $69.02.

About iShares MSCI Global Metals & Mining Producers ETF

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.