iShares MSCI Global Silver and Metals Miners ETF (BATS:SLVP – Get Free Report) saw a significant decrease in short interest in May. As of May 29th, there was short interest totaling 74,913 shares, a decrease 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 currently 0.2 days. Approximately 0.4% of the shares of the stock are short sold.
Hedge Funds Weigh In On iShares MSCI Global Silver and Metals Miners ETF
A number of hedge funds and other institutional investors have recently bought and sold shares of SLVP. Main Street Group LTD bought a new stake in iShares MSCI Global Silver and Metals Miners ETF in the first quarter valued at approximately $56,000. Jeppson Wealth Management LLC bought a new position in shares of iShares MSCI Global Silver and Metals Miners ETF during the 4th quarter valued at approximately $215,000. Accordant Advisory Group Inc grew its stake in shares of 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 valued at $299,000 after buying an additional 221 shares during the last quarter. Flagship Harbor Advisors LLC bought a new position in shares of iShares MSCI Global Silver and Metals Miners ETF during the fourth quarter valued at approximately $86,000. Finally, CoreCap Advisors LLC purchased a new stake in iShares MSCI Global Silver and Metals Miners ETF in the fourth quarter valued at about $2,417,000.
iShares MSCI Global Silver and Metals Miners ETF Stock Up 6.6%
BATS:SLVP opened at $31.37 on Friday. The business has a 50 day moving average price of $36.55 and a two-hundred day moving average price of $37.31. iShares MSCI Global Silver and Metals Miners ETF has a twelve month low of $17.03 and a twelve month high of $50.15. The company has a market cap of $567.80 million, a P/E ratio of 26.00 and a beta of 0.76.
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.
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