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

iShares MSCI Global Metals & Mining Producers ETF (BATS:PICK) saw a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 1,402,111 shares, a growth of 186.4% from the April 30th total of 489,568 shares. Based on an average daily volume of 770,211 shares, the short-interest ratio is currently 1.8 days. Currently, 7.0% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Vestor Capital LLC purchased a new stake in shares of iShares MSCI Global Metals & Mining Producers ETF in the first quarter valued at about $11,714,000. Allied Investment Advisors LLC purchased a new stake in shares of iShares MSCI Global Metals & Mining Producers ETF in the fourth quarter valued at about $3,613,000. Miller Global Investments LLC purchased a new stake in shares of iShares MSCI Global Metals & Mining Producers ETF in the fourth quarter valued at about $1,003,000. Leuthold Group LLC purchased a new stake in shares of iShares MSCI Global Metals & Mining Producers ETF in the fourth quarter valued at about $936,000. Finally, Principia Wealth Advisory LLC boosted its holdings in shares of iShares MSCI Global Metals & Mining Producers ETF by 107.1% in 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 iShares MSCI Global Metals & Mining Producers ETF stock opened at $66.09 on Friday. iShares MSCI Global Metals & Mining Producers ETF has a 1 year low of $35.51 and a 1 year high of $67.90. The company has a market capitalization of $1.32 billion, a P/E ratio of 13.28 and a beta of 1.08. The company’s fifty day moving average is $61.03 and its two-hundred day moving average is $56.78.

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.