Short Interest in Global X Silver Miners ETF (NYSEARCA:SIL) Increases By 33.2%

Global X Silver Miners ETF (NYSEARCA:SIL) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 2,402,669 shares, an increase of 33.2% from the December 15th total of 1,803,172 shares. Approximately 4.0% of the shares of the company are sold short. Based on an average trading volume of 3,114,375 shares, the short-interest ratio is presently 0.8 days. Based on an average trading volume of 3,114,375 shares, the short-interest ratio is presently 0.8 days. Approximately 4.0% of the shares of the company are sold short.

Global X Silver Miners ETF Price Performance

Shares of SIL stock traded up $1.95 during midday trading on Monday, hitting $98.35. The company had a trading volume of 5,120,813 shares, compared to its average volume of 3,618,459. The stock has a market cap of $5.96 billion, a price-to-earnings ratio of 32.07 and a beta of 0.71. The company’s 50 day simple moving average is $80.31 and its 200 day simple moving average is $67.36. Global X Silver Miners ETF has a 52-week low of $32.45 and a 52-week high of $98.40.

Hedge Funds Weigh In On Global X Silver Miners ETF

A number of large investors have recently bought and sold shares of SIL. Root Financial Partners LLC purchased a new stake in shares of Global X Silver Miners ETF in the third quarter valued at about $27,000. Private Trust Co. NA raised its holdings in Global X Silver Miners ETF by 925.0% during the third quarter. Private Trust Co. NA now owns 410 shares of the company’s stock worth $29,000 after purchasing an additional 370 shares in the last quarter. Bogart Wealth LLC lifted its position in Global X Silver Miners ETF by 3,080.0% in the second quarter. Bogart Wealth LLC now owns 636 shares of the company’s stock valued at $31,000 after purchasing an additional 616 shares during the period. Atlantic Union Bankshares Corp boosted its holdings in Global X Silver Miners ETF by 661.7% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 457 shares of the company’s stock valued at $33,000 after purchasing an additional 397 shares in the last quarter. Finally, Ameriflex Group Inc. increased its position in Global X Silver Miners ETF by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 538 shares of the company’s stock worth $39,000 after purchasing an additional 269 shares during the period.

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.