iShares MSCI Global Silver and Metals Miners ETF (BATS:SLVP) Sees Large Growth in Short Interest

iShares MSCI Global Silver and Metals Miners ETF (BATS:SLVP) saw a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 196,086 shares, a growth of 145.3% from the June 30th total of 79,951 shares. Currently, 1.1% of the shares of the company are sold short. Based on an average daily volume of 260,826 shares, the short-interest ratio is currently 0.8 days.

Institutional Trading of iShares MSCI Global Silver and Metals Miners ETF

A number of hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. grew its holdings in iShares MSCI Global Silver and Metals Miners ETF by 69.8% during the third quarter. JPMorgan Chase & Co. now owns 1,022 shares of the company’s stock worth $28,000 after acquiring an additional 420 shares during the period. Main Street Group LTD acquired a new position in iShares MSCI Global Silver and Metals Miners ETF in the first quarter valued at approximately $56,000. Flagship Harbor Advisors LLC acquired a new position in iShares MSCI Global Silver and Metals Miners ETF in the fourth quarter valued at approximately $86,000. EverSource Wealth Advisors LLC purchased a new stake in iShares MSCI Global Silver and Metals Miners ETF in the 2nd quarter worth approximately $114,000. Finally, Jeppson Wealth Management LLC purchased a new stake in iShares MSCI Global Silver and Metals Miners ETF in the 4th quarter worth approximately $215,000.

iShares MSCI Global Silver and Metals Miners ETF Stock Performance

BATS:SLVP opened at $30.75 on Tuesday. The firm’s fifty day moving average is $32.37 and its two-hundred day moving average is $36.93. The firm has a market cap of $556.58 million, a price-to-earnings ratio of 26.00 and a beta of 0.76. iShares MSCI Global Silver and Metals Miners ETF has a one year low of $17.42 and a one year high of $50.15.

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.