iShares MSCI Global Silver and Metals Miners ETF (BATS:SLVP) Short Interest Update

iShares MSCI Global Silver and Metals Miners ETF (BATS:SLVP) saw a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 79,951 shares, an increase of 83.5% from the June 15th total of 43,570 shares. Based on an average daily trading volume, of 333,899 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.4% of the company’s shares are short sold.

iShares MSCI Global Silver and Metals Miners ETF Price Performance

iShares MSCI Global Silver and Metals Miners ETF stock opened at $29.00 on Friday. iShares MSCI Global Silver and Metals Miners ETF has a fifty-two week low of $17.42 and a fifty-two week high of $50.15. The firm’s 50 day simple moving average is $33.43 and its 200-day simple moving average is $37.10. The company has a market cap of $524.90 million, a P/E ratio of 26.00 and a beta of 0.76.

Hedge Funds Weigh In On iShares MSCI Global Silver and Metals Miners ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in SLVP. JPMorgan Chase & Co. raised its stake in iShares MSCI Global Silver and Metals Miners ETF by 69.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,022 shares of the company’s stock valued at $28,000 after purchasing an additional 420 shares during the period. Main Street Group LTD acquired a new stake in shares of iShares MSCI Global Silver and Metals Miners ETF in the first quarter worth $56,000. Flagship Harbor Advisors LLC acquired a new stake in shares of iShares MSCI Global Silver and Metals Miners ETF in the fourth quarter worth $86,000. Jeppson Wealth Management LLC acquired a new stake in shares of iShares MSCI Global Silver and Metals Miners ETF in the fourth quarter worth $215,000. Finally, EverSource Wealth Advisors LLC purchased a new position in shares of iShares MSCI Global Silver and Metals Miners ETF during the second quarter valued at $114,000.

iShares MSCI Global Silver and Metals Miners ETF Company Profile

The iShares MSCI Global Silver and Metals Miners ETF (SLVP) is an exchange-traded fund that is based on the MSCI ACWI Select Silver Miners IMI index, a market-cap-weighted index of global companies that earn the majority of their revenues from silver mining. SLVP was launched on Jan 31, 2012 and is managed by BlackRock.