iShares MSCI Global Silver and Metals Miners ETF (BATS:SLVP – Get Free Report) was the target of a significant decrease in short interest in May. As of May 29th, there was short interest totaling 74,913 shares, a decrease of 84.1% from the May 14th total of 472,361 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily volume of 436,554 shares, the days-to-cover ratio is presently 0.2 days.
iShares MSCI Global Silver and Metals Miners ETF Trading Down 4.4%
Shares of iShares MSCI Global Silver and Metals Miners ETF stock opened at $29.43 on Thursday. The firm has a market capitalization of $532.68 million, a P/E ratio of 26.00 and a beta of 0.76. The business has a fifty day simple moving average of $36.63 and a two-hundred day simple moving average of $37.27. iShares MSCI Global Silver and Metals Miners ETF has a 12 month low of $17.03 and a 12 month high of $50.15.
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. CoreCap Advisors LLC purchased a new position in iShares MSCI Global Silver and Metals Miners ETF during the fourth quarter valued at $2,417,000. Ameriprise Financial Inc. lifted its position in iShares MSCI Global Silver and Metals Miners ETF by 3.7% during the second quarter. Ameriprise Financial Inc. now owns 218,306 shares of the company’s stock valued at $3,888,000 after buying an additional 7,812 shares during the period. EverSource Wealth Advisors LLC purchased a new position in iShares MSCI Global Silver and Metals Miners ETF during the second quarter valued at $114,000. Jeppson Wealth Management LLC purchased a new position in iShares MSCI Global Silver and Metals Miners ETF during the fourth quarter valued at $215,000. Finally, Flagship Harbor Advisors LLC purchased a new position in iShares MSCI Global Silver and Metals Miners ETF during the fourth quarter valued at $86,000.
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.
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