Global X Silver Miners ETF (NYSEARCA:SIL) Sees Significant Decrease in Short Interest

Global X Silver Miners ETF (NYSEARCA:SIL) was the recipient of a significant decline in short interest in March. As of March 13th, there was short interest totaling 1,749,247 shares, a decline of 30.8% from the February 26th total of 2,526,927 shares. Based on an average trading volume of 2,735,665 shares, the days-to-cover ratio is presently 0.6 days. Approximately 2.7% of the shares of the stock are short sold.

Global X Silver Miners ETF Stock Performance

NYSEARCA SIL traded up $3.02 on Friday, reaching $84.18. The company’s stock had a trading volume of 1,840,751 shares, compared to its average volume of 4,012,643. Global X Silver Miners ETF has a twelve month low of $33.11 and a twelve month high of $119.24. The firm’s 50 day moving average is $100.69 and its two-hundred day moving average is $83.98. The stock has a market cap of $5.51 billion, a PE ratio of 32.07 and a beta of 0.71.

Institutional Trading of Global X Silver Miners ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada grew its position in Global X Silver Miners ETF by 620.3% in the first quarter. Royal Bank of Canada now owns 210,084 shares of the company’s stock worth $8,288,000 after buying an additional 180,917 shares during the last quarter. NewEdge Advisors LLC lifted its position in shares of Global X Silver Miners ETF by 120.6% during the 1st quarter. NewEdge Advisors LLC now owns 14,781 shares of the company’s stock valued at $583,000 after acquiring an additional 8,082 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Global X Silver Miners ETF by 1,452.3% during the 2nd quarter. PNC Financial Services Group Inc. now owns 4,781 shares of the company’s stock worth $230,000 after acquiring an additional 4,473 shares in the last quarter. Creative Planning boosted its stake in shares of Global X Silver Miners ETF by 1.2% during the 2nd quarter. Creative Planning now owns 19,867 shares of the company’s stock worth $956,000 after acquiring an additional 236 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC grew its holdings in shares of Global X Silver Miners ETF by 384.8% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 6,302 shares of the company’s stock worth $303,000 after acquiring an additional 5,002 shares during the last quarter.

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.