iShares MSCI Global Silver and Metals Miners ETF (BATS:SLVP) Short Interest Up 127.6% in May

iShares MSCI Global Silver and Metals Miners ETF (BATS:SLVP) was the target of a large growth in short interest in 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 daily volume of 463,042 shares, the days-to-cover ratio is currently 1.0 days. Currently, 2.6% of the company’s shares are sold short.

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

A number of hedge funds and other institutional investors have recently modified their holdings of SLVP. Ameriprise Financial Inc. boosted its position in iShares MSCI Global Silver and Metals Miners ETF by 3.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 218,306 shares of the company’s stock worth $3,888,000 after acquiring an additional 7,812 shares during the period. CoreCap Advisors LLC acquired a new stake in iShares MSCI Global Silver and Metals Miners ETF during the 4th quarter worth about $2,417,000. Accordant Advisory Group Inc boosted its position in iShares MSCI Global Silver and Metals Miners ETF by 2.6% during the 4th 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. EverSource Wealth Advisors LLC acquired a new stake in iShares MSCI Global Silver and Metals Miners ETF during the 2nd quarter worth about $114,000. Finally, Jeppson Wealth Management LLC acquired a new stake in iShares MSCI Global Silver and Metals Miners ETF during the 4th quarter worth about $215,000.

iShares MSCI Global Silver and Metals Miners ETF Stock Down 2.0%

BATS:SLVP opened at $36.31 on Tuesday. iShares MSCI Global Silver and Metals Miners ETF has a 1-year low of $16.00 and a 1-year high of $50.15. The firm has a market capitalization of $657.21 million, a price-to-earnings ratio of 26.00 and a beta of 0.76. The stock has a fifty day simple moving average of $36.63 and a 200 day simple moving average of $36.99.

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.