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

iShares MSCI Global Metals & Mining Producers ETF (BATS:PICK) saw a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 868,292 shares, a decrease of 48.4% from the August 15th total of 1,682,260 shares. Currently, 4.3% of the shares of the company are sold short. Based on an average trading volume of 811,943 shares, the days-to-cover ratio is presently 1.1 days.

Institutional Trading of iShares MSCI Global Metals & Mining Producers ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Vestor Capital LLC purchased a new stake in shares of iShares MSCI Global Metals & Mining Producers ETF during the 1st quarter valued at approximately $11,714,000. Confluence Investment Management LLC raised its holdings in iShares MSCI Global Metals & Mining Producers ETF by 5.7% during the 2nd quarter. Confluence Investment Management LLC now owns 152,199 shares of the company’s stock valued at $8,850,000 after acquiring an additional 8,227 shares during the period. CoreCap Advisors LLC raised its holdings in iShares MSCI Global Metals & Mining Producers ETF by 36.3% during the 2nd quarter. CoreCap Advisors LLC now owns 81,242 shares of the company’s stock valued at $4,724,000 after acquiring an additional 21,628 shares during the period. Allied Investment Advisors LLC bought a new stake in iShares MSCI Global Metals & Mining Producers ETF during the 4th quarter valued at $3,613,000. Finally, Principia Wealth Advisory LLC lifted its position 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 worth $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 PICK opened at $61.43 on Wednesday. iShares MSCI Global Metals & Mining Producers ETF has a fifty-two week low of $42.11 and a fifty-two week high of $69.02. The business has a 50-day moving average of $61.66 and a 200 day moving average of $61.19. The firm has a market cap of $1.23 billion, a P/E ratio of 13.28 and a beta of 1.08.

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.