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

iShares MSCI Global Silver and Metals Miners ETF (BATS:SLVP) was the target of a significant growth in short interest in July. As of July 15th, there was short interest totaling 196,086 shares, a growth of 145.3% from the June 30th total of 79,951 shares. Currently, 1.1% of the shares of the stock are short sold. Based on an average daily volume of 260,826 shares, the short-interest ratio is currently 0.8 days.

iShares MSCI Global Silver and Metals Miners ETF Stock Up 0.8%

SLVP opened at $30.75 on Tuesday. The company has a market cap of $556.58 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 $17.42 and a twelve month high of $50.15. The company has a 50-day moving average price of $32.37 and a 200 day moving average price of $36.93.

Hedge Funds Weigh In On iShares MSCI Global Silver and Metals Miners ETF

A number of hedge funds have recently made changes to their positions in SLVP. Accordant Advisory Group Inc lifted its position in shares of iShares MSCI Global Silver and Metals Miners ETF by 2.6% in the fourth 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 in the last quarter. JPMorgan Chase & Co. boosted its stake 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 purchased a new stake in shares of iShares MSCI Global Silver and Metals Miners ETF during the first quarter worth approximately $56,000. Flagship Harbor Advisors LLC purchased a new stake in shares of iShares MSCI Global Silver and Metals Miners ETF during the fourth quarter worth approximately $86,000. Finally, Jeppson Wealth Management LLC purchased a new stake in shares of iShares MSCI Global Silver and Metals Miners ETF during the fourth quarter worth approximately $215,000.

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.