Short Interest in iShares MSCI Global Silver and Metals Miners ETF (BATS:SLVP) Rises By 83.5%

iShares MSCI Global Silver and Metals Miners ETF (BATS:SLVP) was the recipient of a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 79,951 shares, a growth of 83.5% from the June 15th total of 43,570 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily volume of 333,899 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Ameriprise Financial Inc. lifted its stake in shares of 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 worth $3,888,000 after buying an additional 7,812 shares during the period. CoreCap Advisors LLC acquired a new position in shares of iShares MSCI Global Silver and Metals Miners ETF in the 4th quarter valued at $2,417,000. Accordant Advisory Group Inc increased its position in shares of iShares MSCI Global Silver and Metals Miners ETF by 2.6% in the 4th quarter. Accordant Advisory Group Inc now owns 8,716 shares of the company’s stock valued at $299,000 after acquiring an additional 221 shares during the period. EverSource Wealth Advisors LLC acquired a new position in shares of iShares MSCI Global Silver and Metals Miners ETF in the 2nd quarter valued at $114,000. Finally, Jeppson Wealth Management LLC purchased a new position in iShares MSCI Global Silver and Metals Miners ETF in the 4th quarter worth $215,000.

iShares MSCI Global Silver and Metals Miners ETF Stock Down 4.2%

SLVP stock opened at $28.99 on Friday. The firm has a 50 day moving average of $33.62 and a 200 day moving average of $37.16. The stock has a market capitalization of $524.72 million, a PE ratio of 26.00 and a beta of 0.76. iShares MSCI Global Silver and Metals Miners ETF has a 52 week low of $17.42 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.