Traders Buy Large Volume of iShares MSCI Global Silver and Metals Miners ETF Call Options (BATS:SLVP)

iShares MSCI Global Silver and Metals Miners ETF (BATS:SLVP) was the target of unusually large options trading on Tuesday. Investors acquired 17,411 call options on the stock. This is an increase of 2,328% compared to the typical volume of 717 call options.

iShares MSCI Global Silver and Metals Miners ETF Price Performance

Shares of BATS SLVP opened at $39.60 on Wednesday. iShares MSCI Global Silver and Metals Miners ETF has a 1 year low of $12.40 and a 1 year high of $50.15. The company has a market capitalization of $716.76 million, a P/E ratio of 26.00 and a beta of 0.76. The company has a 50 day simple moving average of $38.61 and a 200-day simple moving average of $30.14.

Institutional Investors Weigh In On iShares MSCI Global Silver and Metals Miners ETF

Several institutional investors and hedge funds have recently modified their holdings of the company. Jeppson Wealth Management LLC purchased a new stake in iShares MSCI Global Silver and Metals Miners ETF during the 4th quarter worth about $215,000. Accordant Advisory Group Inc grew its position in shares of iShares MSCI Global Silver and Metals Miners ETF by 2.6% during the fourth quarter. Accordant Advisory Group Inc now owns 8,716 shares of the company’s stock worth $299,000 after buying an additional 221 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new stake in shares of iShares MSCI Global Silver and Metals Miners ETF during the fourth quarter worth approximately $86,000. CoreCap Advisors LLC acquired a new stake in iShares MSCI Global Silver and Metals Miners ETF in the fourth quarter valued at approximately $2,417,000. Finally, JPMorgan Chase & Co. raised its holdings in iShares MSCI Global Silver and Metals Miners ETF by 69.8% in the third quarter. JPMorgan Chase & Co. now owns 1,022 shares of the company’s stock valued at $28,000 after acquiring an additional 420 shares in the last quarter.

About iShares MSCI Global Silver and Metals Miners ETF

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.