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

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

iShares MSCI Global Metals & Mining Producers ETF Trading Down 0.7%

Shares of PICK opened at $56.27 on Friday. iShares MSCI Global Metals & Mining Producers ETF has a 52 week low of $37.88 and a 52 week high of $69.02. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 13.28 and a beta of 1.08. The stock has a 50 day moving average of $61.84 and a 200-day moving average of $59.83.

Hedge Funds Weigh In On iShares MSCI Global Metals & Mining Producers ETF

Hedge funds have recently added to or reduced their stakes in the business. Sunbelt Securities Inc. raised its holdings in shares of iShares MSCI Global Metals & Mining Producers ETF by 77.7% during the fourth quarter. Sunbelt Securities Inc. now owns 654 shares of the company’s stock worth $34,000 after purchasing an additional 286 shares during the period. Parallel Advisors LLC boosted its holdings in shares of iShares MSCI Global Metals & Mining Producers ETF by 116.2% in the 1st quarter. Parallel Advisors LLC now owns 759 shares of the company’s stock valued at $43,000 after buying an additional 408 shares during the period. RMG Wealth Management LLC acquired a new position in shares of iShares MSCI Global Metals & Mining Producers ETF in the 1st quarter valued at about $59,000. Everett Harris & Co. CA bought a new stake in shares of iShares MSCI Global Metals & Mining Producers ETF during the 4th quarter valued at about $205,000. Finally, Cooper Investors PTY Ltd. bought a new stake in shares of iShares MSCI Global Metals & Mining Producers ETF during the 4th quarter valued at about $216,000.

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.