iShares MSCI Global Metals & Mining Producers ETF (BATS:PICK) Short Interest Down 37.5% in June

iShares MSCI Global Metals & Mining Producers ETF (BATS:PICK) was the recipient 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. Based on an average daily volume of 1,110,810 shares, the days-to-cover ratio is currently 0.7 days. Currently, 3.7% of the company’s stock are sold short.

iShares MSCI Global Metals & Mining Producers ETF Price Performance

Shares of BATS PICK opened at $56.27 on Friday. The company has a market cap of $1.13 billion, a price-to-earnings ratio of 13.28 and a beta of 1.08. The stock’s 50-day moving average is $61.84 and its two-hundred day moving average is $59.83. iShares MSCI Global Metals & Mining Producers ETF has a 1-year low of $37.88 and a 1-year high of $69.02.

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

Institutional investors and hedge funds have recently made changes to their positions in the stock. CoreCap Advisors LLC increased its stake in shares of iShares MSCI Global Metals & Mining Producers ETF by 36.3% during the second quarter. CoreCap Advisors LLC now owns 81,242 shares of the company’s stock worth $4,724,000 after buying an additional 21,628 shares during the period. Confluence Investment Management LLC lifted its stake in iShares MSCI Global Metals & Mining Producers ETF by 5.7% in the second quarter. Confluence Investment Management LLC now owns 152,199 shares of the company’s stock worth $8,850,000 after acquiring an additional 8,227 shares during the last quarter. Parallel Advisors LLC grew its holdings in iShares MSCI Global Metals & Mining Producers ETF by 116.2% during the 1st quarter. Parallel Advisors LLC now owns 759 shares of the company’s stock worth $43,000 after acquiring an additional 408 shares in the last quarter. Vestor Capital LLC acquired a new position in iShares MSCI Global Metals & Mining Producers ETF during the 1st quarter worth approximately $11,714,000. Finally, Sunbelt Securities Inc. increased its position 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.

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.