iShares MSCI Global Silver and Metals Miners ETF (BATS:SLVP) Short Interest Up 145.3% in July

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

iShares MSCI Global Silver and Metals Miners ETF Stock Down 2.4%

iShares MSCI Global Silver and Metals Miners ETF stock opened at $30.00 on Wednesday. iShares MSCI Global Silver and Metals Miners ETF has a 52-week low of $17.42 and a 52-week high of $50.15. The firm has a market capitalization of $543 million, a price-to-earnings ratio of 26.00 and a beta of 0.76. The firm has a 50-day moving average price of $32.28 and a two-hundred day moving average price of $36.89.

Institutional Investors Weigh In On iShares MSCI Global Silver and Metals Miners ETF

A number of hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. grew its holdings in iShares MSCI Global Silver and Metals Miners ETF by 69.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,022 shares of the company’s stock worth $28,000 after buying an additional 420 shares in the last quarter. Main Street Group LTD bought a new stake in iShares MSCI Global Silver and Metals Miners ETF during the 1st quarter valued at $56,000. Flagship Harbor Advisors LLC bought a new stake in iShares MSCI Global Silver and Metals Miners ETF during the 4th quarter valued at $86,000. EverSource Wealth Advisors LLC bought a new stake in iShares MSCI Global Silver and Metals Miners ETF during the 2nd quarter valued at $114,000. Finally, Jeppson Wealth Management LLC acquired a new position in iShares MSCI Global Silver and Metals Miners ETF during the 4th quarter worth $215,000.

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.