Short Interest in iShares MSCI Global Silver and Metals Miners ETF (BATS:SLVP) Decreases By 41.8%

iShares MSCI Global Silver and Metals Miners ETF (BATS:SLVP) was the target of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 43,570 shares, a drop of 41.8% from the May 31st total of 74,913 shares. Based on an average daily volume of 362,415 shares, the short-interest ratio is currently 0.1 days. Currently, 0.2% of the shares of the company are sold short.

Institutional Trading of iShares MSCI Global Silver and Metals Miners ETF

Institutional investors and hedge funds have recently modified their holdings of the business. EverSource Wealth Advisors LLC acquired a new position in shares of iShares MSCI Global Silver and Metals Miners ETF in the second quarter valued at approximately $114,000. Ameriprise Financial Inc. raised its position in iShares MSCI Global Silver and Metals Miners ETF by 3.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 218,306 shares of the company’s stock worth $3,888,000 after purchasing an additional 7,812 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of 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 last quarter. CoreCap Advisors LLC bought a new position in iShares MSCI Global Silver and Metals Miners ETF during the 4th quarter worth approximately $2,417,000. Finally, Flagship Harbor Advisors LLC bought a new position in iShares MSCI Global Silver and Metals Miners ETF during the fourth quarter worth $86,000.

iShares MSCI Global Silver and Metals Miners ETF Price Performance

SLVP stock opened at $30.83 on Wednesday. The stock has a market cap of $558.02 million, a price-to-earnings ratio of 26.00 and a beta of 0.76. The company has a fifty day moving average price of $35.06 and a two-hundred day moving average price of $37.45. iShares MSCI Global Silver and Metals Miners ETF has a one year low of $17.28 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.