Global X Silver Miners ETF (NYSEARCA:SIL) Sees Strong Trading Volume

Global X Silver Miners ETF (NYSEARCA:SILGet Free Report) saw strong trading volume on Monday . 191,216 shares traded hands during trading, a decline of 48% from the previous session’s volume of 370,966 shares.The stock last traded at $27.89 and had previously closed at $27.46.

Global X Silver Miners ETF Stock Up 2.9 %

The company has a market cap of $955.94 million, a PE ratio of 29.38 and a beta of 0.98. The business has a 50-day simple moving average of $25.17 and a 200-day simple moving average of $25.55.

Institutional Trading of Global X Silver Miners ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SIL. Morgan Stanley grew its stake in shares of Global X Silver Miners ETF by 156.3% in the third quarter. Morgan Stanley now owns 1,951,522 shares of the company’s stock worth $46,641,000 after acquiring an additional 1,190,150 shares in the last quarter. 1832 Asset Management L.P. acquired a new position in shares of Global X Silver Miners ETF in the first quarter worth $36,932,000. Jane Street Group LLC grew its stake in shares of Global X Silver Miners ETF by 1,794.0% in the second quarter. Jane Street Group LLC now owns 979,808 shares of the company’s stock worth $25,377,000 after acquiring an additional 928,075 shares in the last quarter. Royal Bank of Canada grew its stake in shares of Global X Silver Miners ETF by 405.3% in the fourth quarter. Royal Bank of Canada now owns 319,600 shares of the company’s stock worth $9,067,000 after acquiring an additional 256,345 shares in the last quarter. Finally, Millennium Management LLC acquired a new position in shares of Global X Silver Miners ETF in the fourth quarter worth $5,149,000.

About Global X Silver Miners ETF

(Get Free Report)

The Global X Silver Miners ETF (SIL) is an exchange-traded fund that mostly invests in materials equity. The fund tracks a market-cap-weighted index of companies actively engaged in the silver mining industry. SIL was launched on Apr 19, 2010 and is managed by Global X.

Further Reading

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