iShares MSCI Global Silver and Metals Miners ETF (BATS:SLVP) Shares Shorted: Short Interest Down 63.7% in October

iShares MSCI Global Silver and Metals Miners ETF (BATS:SLVP) saw a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 28,360 shares, a drop of 63.7% from the September 30th total of 78,147 shares. Based on an average daily trading volume, of 197,263 shares, the short-interest ratio is presently 0.1 days. Approximately 0.2% of the shares of the company are sold short.

iShares MSCI Global Silver and Metals Miners ETF Trading Down 5.8%

Shares of SLVP stock opened at $28.96 on Friday. The company has a 50 day simple moving average of $36.33 and a two-hundred day simple moving average of $36.58. 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 stock has a market cap of $524.18 million, a P/E ratio of 26.00 and a beta of 0.76.

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

An institutional investor recently bought a new position in iShares MSCI Global Silver and Metals Miners ETF stock. Main Street Group LTD acquired a new stake in shares of iShares MSCI Global Silver and Metals Miners ETF (BATS:SLVP) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 1,590 shares of the company’s stock, valued at approximately $56,000.

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.