iShares MSCI Global Metals & Mining Producers ETF (BATS:PICK) Stock Short Interest Climbs 161.2%

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in PICK. Resolute Advisors LLC lifted its stake in iShares MSCI Global Metals & Mining Producers ETF by 2.4% during the first quarter. Resolute Advisors LLC now owns 9,697 shares of the company’s stock worth $549,000 after purchasing an additional 223 shares during the period. Parallel Advisors LLC lifted its position in shares of iShares MSCI Global Metals & Mining Producers ETF by 19.1% during the third quarter. Parallel Advisors LLC now owns 2,184 shares of the company’s stock worth $131,000 after purchasing an additional 350 shares in the last quarter. Root Financial Partners LLC acquired a new position in iShares MSCI Global Metals & Mining Producers ETF during the 3rd quarter worth $25,000. Farther Finance Advisors LLC lifted its stake in shares of iShares MSCI Global Metals & Mining Producers ETF by 49.4% during the third 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 during the period. Finally, Sunbelt Securities Inc. boosted its stake in shares of iShares MSCI Global Metals & Mining Producers ETF by 104.0% in the 1st quarter. Sunbelt Securities Inc. now owns 1,334 shares of the company’s stock valued at $75,000 after purchasing an additional 680 shares during the last quarter.

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

Shares of PICK opened at $54.64 on Friday. The firm has a market cap of $2.16 billion, a price-to-earnings ratio of 14.80 and a beta of 1.04. iShares MSCI Global Metals & Mining Producers ETF has a 12 month low of $44.06 and a 12 month high of $69.02. The company’s fifty day moving average is $59.23 and its 200-day moving average is $60.53.

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.