iShares MSCI Global Silver and Metals Miners ETF (BATS:SLVP) Sees Large Decrease in Short Interest

iShares MSCI Global Silver and Metals Miners ETF (BATS:SLVP) was the target of a large decline in short interest in September. As of September 15th, there was short interest totaling 70,896 shares, a decline of 44.2% from the August 31st total of 126,950 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average trading volume of 215,935 shares, the days-to-cover ratio is currently 0.3 days.

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

An institutional investor recently bought a new stake in iShares MSCI Global Silver and Metals Miners ETF stock. Main Street Group LTD bought a new stake in iShares MSCI Global Silver and Metals Miners ETF (BATS:SLVP) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,590 shares of the company’s stock, valued at approximately $56,000.

iShares MSCI Global Silver and Metals Miners ETF Trading Down 1.8%

Shares of BATS SLVP opened at $34.97 on Thursday. iShares MSCI Global Silver and Metals Miners ETF has a 12-month low of $24.70 and a 12-month high of $50.15. The company has a market cap of $632.96 million, a P/E ratio of 26.00 and a beta of 0.76. The stock has a fifty day moving average price of $36.94 and a 200 day moving average price of $35.40.

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.