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) saw a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 472,361 shares, a growth of 127.6% from the April 30th total of 207,579 shares. Based on an average trading volume of 463,042 shares, the short-interest ratio is presently 1.0 days. Approximately 2.6% of the shares of the stock are short sold.

iShares MSCI Global Silver and Metals Miners ETF Trading Up 2.2%

BATS:SLVP opened at $37.05 on Friday. iShares MSCI Global Silver and Metals Miners ETF has a 1 year low of $15.30 and a 1 year high of $50.15. The firm has a 50 day moving average of $36.55 and a 200-day moving average of $36.87. The stock has a market capitalization of $670.61 million, a P/E ratio of 26.00 and a beta of 0.76.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. CoreCap Advisors LLC bought a new position in shares of iShares MSCI Global Silver and Metals Miners ETF in the fourth quarter valued at about $2,417,000. Accordant Advisory Group Inc raised its holdings 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 buying an additional 221 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of iShares MSCI Global Silver and Metals Miners ETF by 3.7% in the second quarter. Ameriprise Financial Inc. now owns 218,306 shares of the company’s stock valued at $3,888,000 after buying an additional 7,812 shares during the last quarter. EverSource Wealth Advisors LLC bought a new position in shares of iShares MSCI Global Silver and Metals Miners ETF in the second quarter valued at about $114,000. Finally, JPMorgan Chase & Co. raised its holdings 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 valued at $28,000 after buying an additional 420 shares during the last quarter.

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.