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

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

Institutional Trading of iShares MSCI Global Silver and Metals Miners ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. boosted its position in shares of 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 worth $28,000 after acquiring an additional 420 shares during the last quarter. Main Street Group LTD acquired a new position in iShares MSCI Global Silver and Metals Miners ETF during the first quarter worth approximately $56,000. Flagship Harbor Advisors LLC acquired a new position in iShares MSCI Global Silver and Metals Miners ETF during the fourth quarter worth approximately $86,000. Jeppson Wealth Management LLC purchased a new position in iShares MSCI Global Silver and Metals Miners ETF during the fourth quarter worth approximately $215,000. Finally, EverSource Wealth Advisors LLC purchased a new position in iShares MSCI Global Silver and Metals Miners ETF during the second quarter worth approximately $114,000.

iShares MSCI Global Silver and Metals Miners ETF Stock Up 0.3%

Shares of BATS:SLVP opened at $30.92 on Thursday. The company has a market cap of $559.65 million, a P/E ratio of 26.00 and a beta of 0.76. The business has a fifty day simple moving average of $34.89 and a 200-day simple moving average of $37.43. iShares MSCI Global Silver and Metals Miners ETF has a 52 week low of $17.28 and a 52 week 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.