Global X Silver Miners ETF (NYSEARCA:SIL) Sees Large Volume Increase – Here’s What Happened

Global X Silver Miners ETF (NYSEARCA:SIL) saw unusually-high trading volume on Tuesday . Approximately 496,408 shares changed hands during trading, a decline of 15% from the previous session’s volume of 586,584 shares.The stock last traded at $33.65 and had previously closed at $33.01.

Global X Silver Miners ETF Price Performance

The stock has a 50-day simple moving average of $34.81 and a 200-day simple moving average of $34.84. The stock has a market cap of $1.11 billion, a PE ratio of 25.53 and a beta of 0.95.

Institutional Investors Weigh In On Global X Silver Miners ETF

Institutional investors have recently added to or reduced their stakes in the company. FMR LLC grew its position in Global X Silver Miners ETF by 260.4% during the third quarter. FMR LLC now owns 865 shares of the company’s stock valued at $30,000 after acquiring an additional 625 shares during the period. Franklin Resources Inc. boosted its position in shares of Global X Silver Miners ETF by 324.5% in the third quarter. Franklin Resources Inc. now owns 4,245 shares of the company’s stock worth $154,000 after buying an additional 3,245 shares during the period. Stifel Financial Corp boosted its position in shares of Global X Silver Miners ETF by 40.9% in the third quarter. Stifel Financial Corp now owns 38,136 shares of the company’s stock worth $1,338,000 after buying an additional 11,063 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of Global X Silver Miners ETF by 21.7% in the second quarter. Envestnet Asset Management Inc. now owns 121,219 shares of the company’s stock worth $3,781,000 after buying an additional 21,639 shares during the period. Finally, Sunbelt Securities Inc. boosted its position in shares of Global X Silver Miners ETF by 51.4% in the third quarter. Sunbelt Securities Inc. now owns 5,955 shares of the company’s stock worth $209,000 after buying an additional 2,022 shares during the period.

About Global X Silver Miners ETF

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.