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

iShares MSCI Global Silver and Metals Miners ETF (BATS:SLVP) was the target of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 472,361 shares, an increase of 127.6% from the April 30th total of 207,579 shares. Based on an average daily trading volume, of 463,042 shares, the short-interest ratio is currently 1.0 days. Approximately 2.6% of the shares of the company are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its position 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 worth $28,000 after purchasing an additional 420 shares during the period. Main Street Group LTD bought a new position in iShares MSCI Global Silver and Metals Miners ETF in the first quarter worth $56,000. Flagship Harbor Advisors LLC bought a new position in iShares MSCI Global Silver and Metals Miners ETF in the fourth quarter worth $86,000. EverSource Wealth Advisors LLC bought a new position in iShares MSCI Global Silver and Metals Miners ETF during the second quarter worth about $114,000. Finally, Jeppson Wealth Management LLC bought a new position in iShares MSCI Global Silver and Metals Miners ETF during the fourth quarter worth about $215,000.

iShares MSCI Global Silver and Metals Miners ETF Stock Performance

BATS SLVP opened at $37.05 on Friday. The stock has a market cap of $670.61 million, a PE ratio of 26.00 and a beta of 0.76. iShares MSCI Global Silver and Metals Miners ETF has a twelve month low of $15.30 and a twelve month high of $50.15. The firm has a 50-day simple moving average of $36.55 and a 200 day simple moving average of $36.87.

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.