Global X Silver Miners ETF (NYSEARCA:SIL) Short Interest Update

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

Global X Silver Miners ETF Price Performance

Shares of NYSEARCA:SIL opened at $81.44 on Thursday. Global X Silver Miners ETF has a 1-year low of $47.09 and a 1-year high of $119.24. The stock has a market cap of $4.43 billion, a P/E ratio of 32.07 and a beta of 0.83. The firm has a fifty day moving average price of $87.83 and a 200 day moving average price of $93.10.

Institutional Investors Weigh In On Global X Silver Miners ETF

Hedge funds have recently made changes to their positions in the business. CIBC Private Wealth Group LLC increased its position in Global X Silver Miners ETF by 204.7% in the 4th quarter. CIBC Private Wealth Group LLC now owns 323 shares of the company’s stock valued at $27,000 after acquiring an additional 217 shares during the period. TD Waterhouse Canada Inc. grew its stake in shares of Global X Silver Miners ETF by 133.3% in 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 during the last quarter. Sound Income Strategies LLC grew its stake in shares of Global X Silver Miners ETF by 428.8% in the 1st quarter. Sound Income Strategies LLC now owns 386 shares of the company’s stock valued at $36,000 after purchasing 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 valued at approximately $35,000. Finally, Evelyn Partners Investment Management LLP acquired a new position in shares of Global X Silver Miners ETF in the fourth quarter valued at approximately $32,000.

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.