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

iShares MSCI Global Metals & Mining Producers ETF (BATS:PICK) was the recipient of a significant increase in short interest in 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. Currently, 3.6% of the company’s shares are short sold. Based on an average trading volume of 737,515 shares, the short-interest ratio is currently 1.9 days.

Institutional Trading of iShares MSCI Global Metals & Mining Producers ETF

A number of institutional investors have recently modified their holdings of the company. Fisher Asset Management LLC acquired a new position in shares of iShares MSCI Global Metals & Mining Producers ETF during the third quarter worth about $171,201,000. Vestor Capital LLC acquired a new stake in iShares MSCI Global Metals & Mining Producers ETF in the 3rd quarter valued at approximately $299,000. Parallel Advisors LLC raised its position in iShares MSCI Global Metals & Mining Producers ETF by 19.1% in the 3rd quarter. Parallel Advisors LLC now owns 2,184 shares of the company’s stock valued at $131,000 after buying an additional 350 shares during the last quarter. Root Financial Partners LLC bought a new stake in iShares MSCI Global Metals & Mining Producers ETF in the 3rd quarter valued at approximately $25,000. Finally, Farther Finance Advisors LLC lifted its stake in iShares MSCI Global Metals & Mining Producers ETF by 49.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,367 shares of the company’s stock valued at $82,000 after acquiring an additional 452 shares in the last quarter.

iShares MSCI Global Metals & Mining Producers ETF Stock Down 2.1%

iShares MSCI Global Metals & Mining Producers ETF stock opened at $54.64 on Friday. The stock has a market capitalization of $2.16 billion, a PE ratio of 14.80 and a beta of 1.04. iShares MSCI Global Metals & Mining Producers ETF has a twelve month low of $44.06 and a twelve month high of $69.02. The company has a 50 day moving average of $59.23 and a 200-day moving average of $60.53.

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.