iShares MSCI Global Silver and Metals Miners ETF (BATS:SLVP) Short Interest Update

iShares MSCI Global Silver and Metals Miners ETF (BATS:SLVP) was the target of a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 74,913 shares, a drop of 84.1% from the May 14th total of 472,361 shares. Based on an average daily volume of 436,554 shares, the short-interest ratio is presently 0.2 days. Currently, 0.4% of the company’s stock are sold short.

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

Several large investors have recently modified their holdings of the stock. Main Street Group LTD acquired a new stake in iShares MSCI Global Silver and Metals Miners ETF during the first quarter worth about $56,000. Jeppson Wealth Management LLC acquired a new stake in iShares MSCI Global Silver and Metals Miners ETF during the fourth quarter worth about $215,000. Accordant Advisory Group Inc raised its stake in iShares MSCI Global Silver and Metals Miners ETF by 2.6% during the fourth quarter. Accordant Advisory Group Inc now owns 8,716 shares of the company’s stock worth $299,000 after acquiring an additional 221 shares during the period. Flagship Harbor Advisors LLC acquired a new stake in iShares MSCI Global Silver and Metals Miners ETF during the fourth quarter worth about $86,000. Finally, CoreCap Advisors LLC acquired a new stake in iShares MSCI Global Silver and Metals Miners ETF during the fourth quarter worth about $2,417,000.

iShares MSCI Global Silver and Metals Miners ETF Stock Performance

Shares of SLVP stock opened at $30.77 on Wednesday. iShares MSCI Global Silver and Metals Miners ETF has a one year low of $17.03 and a one year high of $50.15. The company’s 50-day simple moving average is $36.70 and its 200-day simple moving average is $37.24. The stock has a market capitalization of $556.94 million, a price-to-earnings ratio of 26.00 and a beta of 0.76.

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.