Short Interest in Global X Silver Miners ETF (NYSEARCA:SIL) Expands By 107.2%

Global X Silver Miners ETF (NYSEARCA:SIL) was the recipient of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 1,489,774 shares, a growth of 107.2% from the May 31st total of 719,016 shares. Based on an average trading volume of 1,764,454 shares, the days-to-cover ratio is presently 0.8 days. Currently, 2.5% of the company’s shares are short sold.

Institutional Trading of Global X Silver Miners ETF

A number of institutional investors and hedge funds have recently bought and sold shares of SIL. CIBC Private Wealth Group LLC raised its position 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 worth $27,000 after purchasing an additional 217 shares during the last quarter. TD Waterhouse Canada Inc. increased its stake in shares of Global X Silver Miners ETF by 133.3% in the fourth quarter. TD Waterhouse Canada Inc. now owns 350 shares of the company’s stock valued at $29,000 after buying an additional 200 shares during the period. Sound Income Strategies LLC raised its position in shares of Global X Silver Miners ETF by 428.8% during the first quarter. Sound Income Strategies LLC now owns 386 shares of the company’s stock worth $36,000 after acquiring an additional 313 shares during the last quarter. EverSource Wealth Advisors LLC acquired a new position in shares of Global X Silver Miners ETF in the first quarter worth approximately $35,000. Finally, Evelyn Partners Investment Management LLP bought a new stake in Global X Silver Miners ETF in the fourth quarter valued at approximately $32,000.

Global X Silver Miners ETF Stock Down 0.1%

NYSEARCA SIL traded down $0.08 on Tuesday, hitting $77.33. The company’s stock had a trading volume of 453,417 shares, compared to its average volume of 2,832,184. The company’s 50-day moving average is $88.74 and its 200 day moving average is $93.16. The firm has a market cap of $4.63 billion, a PE ratio of 32.07 and a beta of 0.79. Global X Silver Miners ETF has a 1-year low of $47.09 and a 1-year high of $119.24.

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.