iShares MSCI Global Metals & Mining Producers ETF (BATS:PICK) Stock Short Interest Rises 161.2%

iShares MSCI Global Metals & Mining Producers ETF (BATS:PICK) saw a significant increase in short interest during the month of October. As of October 30th, there was short interest totaling 1,434,766 shares, an increase of 161.2% from the October 15th total of 549,287 shares. Approximately 3.6% of the company’s shares are sold short. Based on an average daily trading volume, of 737,515 shares, the days-to-cover ratio is currently 1.9 days.

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 PICK. Root Financial Partners LLC purchased a new stake in shares of iShares MSCI Global Metals & Mining Producers ETF in the third quarter valued at $25,000. Parallel Advisors LLC boosted its stake in shares of iShares MSCI Global Metals & Mining Producers ETF by 116.2% during the 1st quarter. Parallel Advisors LLC now owns 759 shares of the company’s stock worth $43,000 after purchasing an additional 408 shares during the period. RMG Wealth Management LLC purchased a new position in shares of iShares MSCI Global Metals & Mining Producers ETF during the 1st quarter worth about $59,000. Sunbelt Securities Inc. grew its holdings in 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 valued at $75,000 after purchasing an additional 680 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in iShares MSCI Global Metals & Mining Producers ETF by 49.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,367 shares of the company’s stock valued at $82,000 after purchasing an additional 452 shares during the last quarter.

iShares MSCI Global Metals & Mining Producers ETF Stock Performance

BATS PICK traded down $0.74 on Friday, hitting $53.90. 838,698 shares of the stock were exchanged, compared to its average volume of 782,138. The stock has a fifty day moving average price of $59.00 and a two-hundred day moving average price of $60.50. The firm has a market capitalization of $2.13 billion, a P/E ratio of 14.80 and a beta of 1.04. iShares MSCI Global Metals & Mining Producers ETF has a 52-week low of $44.06 and a 52-week high of $69.02.

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.