Global X Silver Miners ETF (NYSEARCA:SIL) Short Interest Down 45.8% in May

Global X Silver Miners ETF (NYSEARCA:SIL) was the recipient of a large drop in short interest in May. As of May 29th, there was short interest totaling 719,016 shares, a drop of 45.8% from the May 14th total of 1,327,534 shares. Based on an average daily volume of 1,430,040 shares, the short-interest ratio is currently 0.5 days. Approximately 1.2% of the shares of the stock are short sold.

Institutional Investors Weigh In On Global X Silver Miners ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Hollencrest Capital Management increased its holdings in Global X Silver Miners ETF by 0.6% during the 4th quarter. Hollencrest Capital Management now owns 18,711 shares of the company’s stock valued at $1,563,000 after purchasing an additional 120 shares in the last quarter. TD Waterhouse Canada Inc. increased its holdings in Global X Silver Miners ETF by 133.3% during the 4th quarter. TD Waterhouse Canada Inc. now owns 350 shares of the company’s stock valued at $29,000 after purchasing an additional 200 shares in the last quarter. CIBC Private Wealth Group LLC increased its holdings in Global X Silver Miners ETF by 204.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 323 shares of the company’s stock valued at $27,000 after purchasing an additional 217 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in Global X Silver Miners ETF by 2.9% during the 4th quarter. Sequoia Financial Advisors LLC now owns 7,818 shares of the company’s stock valued at $653,000 after purchasing an additional 219 shares in the last quarter. Finally, Aptus Capital Advisors LLC boosted its position in Global X Silver Miners ETF by 45.3% in the 3rd quarter. Aptus Capital Advisors LLC now owns 722 shares of the company’s stock valued at $52,000 after buying an additional 225 shares during the last quarter.

Global X Silver Miners ETF Stock Up 6.5%

SIL stock traded up $5.27 during midday trading on Monday, reaching $86.95. 1,594,330 shares of the company’s stock traded hands, compared to its average volume of 2,974,394. The company has a 50-day simple moving average of $91.64 and a two-hundred day simple moving average of $92.80. Global X Silver Miners ETF has a 1-year low of $46.18 and a 1-year high of $119.24. The company has a market cap of $5.20 billion, a price-to-earnings ratio of 32.07 and a beta of 0.79.

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.