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

iShares MSCI Global Metals & Mining Producers ETF (BATS:PICK) was the target of a large decline in short interest in June. As of June 30th, there was short interest totaling 744,199 shares, a decline of 37.5% from the June 15th total of 1,190,318 shares. Approximately 3.7% of the company’s stock are short sold. Based on an average trading volume of 1,110,810 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Sunbelt Securities Inc. raised its position in 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 buying an additional 286 shares during the last quarter. Parallel Advisors LLC raised its holdings in shares of iShares MSCI Global Metals & Mining Producers ETF by 116.2% in the first quarter. Parallel Advisors LLC now owns 759 shares of the company’s stock valued at $43,000 after purchasing an additional 408 shares during the last quarter. RMG Wealth Management LLC bought a new stake in shares of iShares MSCI Global Metals & Mining Producers ETF in the first quarter worth $59,000. Everett Harris & Co. CA bought a new stake in shares of iShares MSCI Global Metals & Mining Producers ETF in the fourth quarter worth $205,000. Finally, Cooper Investors PTY Ltd. acquired a new position in iShares MSCI Global Metals & Mining Producers ETF during the fourth quarter worth $216,000.

iShares MSCI Global Metals & Mining Producers ETF Trading Down 2.7%

Shares of BATS PICK opened at $56.66 on Friday. The company has a fifty day moving average price of $62.02 and a 200 day moving average price of $59.86. The firm has a market cap of $1.13 billion, a PE ratio of 13.28 and a beta of 1.08. iShares MSCI Global Metals & Mining Producers ETF has a 1-year low of $37.88 and a 1-year 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.