Global X Silver Miners ETF (NYSEARCA:SIL) Sees Large Volume Increase

Global X Silver Miners ETF (NYSEARCA:SIL) shares saw strong trading volume on Monday . 417,052 shares traded hands during mid-day trading, a decline of 28% from the previous session’s volume of 578,311 shares.The stock last traded at $35.12 and had previously closed at $35.23.

Global X Silver Miners ETF Stock Performance

The firm has a market cap of $1.19 billion, a price-to-earnings ratio of 25.53 and a beta of 0.95. The business’s 50 day moving average price is $30.38 and its 200-day moving average price is $27.44.

Institutional Investors Weigh In On Global X Silver Miners ETF

A number of institutional investors have recently modified their holdings of SIL. Millburn Ridgefield Corp acquired a new stake in shares of Global X Silver Miners ETF in the fourth quarter valued at approximately $105,000. PFG Investments LLC acquired a new stake in shares of Global X Silver Miners ETF in the fourth quarter valued at approximately $209,000. Principal Securities Inc. acquired a new stake in shares of Global X Silver Miners ETF in the fourth quarter valued at approximately $224,000. Signaturefd LLC increased its stake in shares of Global X Silver Miners ETF by 6.1% in the third quarter. Signaturefd LLC now owns 8,500 shares of the company’s stock valued at $203,000 after purchasing an additional 485 shares during the period. Finally, CreativeOne Wealth LLC acquired a new stake in shares of Global X Silver Miners ETF in the first quarter valued at approximately $235,000.

Global X Silver Miners ETF Company Profile

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.