Anson Capital Inc. Grows Stake in Global X Silver Miners ETF $SIL

Anson Capital Inc. grew its position in shares of Global X Silver Miners ETF (NYSEARCA:SIL) by 71.6% in the fourth quarter, Holdings Channel reports. The firm owned 12,583 shares of the company’s stock after purchasing an additional 5,252 shares during the period. Anson Capital Inc.’s holdings in Global X Silver Miners ETF were worth $1,051,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. TD Waterhouse Canada Inc. grew its position in shares of 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. Sequoia Financial Advisors LLC grew its position in Global X Silver Miners ETF by 2.9% in the fourth quarter. Sequoia Financial Advisors LLC now owns 7,818 shares of the company’s stock worth $653,000 after acquiring an additional 219 shares in the last quarter. Aptus Capital Advisors LLC grew its position in Global X Silver Miners ETF by 45.3% in the third quarter. Aptus Capital Advisors LLC now owns 722 shares of the company’s stock worth $52,000 after acquiring an additional 225 shares in the last quarter. Ameriflex Group Inc. grew its position in Global X Silver Miners ETF by 100.0% in the third quarter. Ameriflex Group Inc. now owns 538 shares of the company’s stock worth $39,000 after acquiring an additional 269 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its position in Global X Silver Miners ETF by 1.2% in the fourth quarter. Geneos Wealth Management Inc. now owns 23,454 shares of the company’s stock worth $1,959,000 after acquiring an additional 279 shares in the last quarter.

Key Stories Impacting Global X Silver Miners ETF

Here are the key news stories impacting Global X Silver Miners ETF this week:

• Positive Sentiment: Silver’s move higher and talk of a potential breakout to new highs are improving sentiment toward silver miners, which can benefit Global X Silver Miners ETF (NYSEARCA: SIL). Parabolic AI rally has bulls eyeing a comeback for this one-time meme metal trade
• Positive Sentiment: Commentary pointing to structural shortages and long-term demand for silver suggests the recent strength may not just be a short-term move, which is favorable for SIL. Silver’s push above $80 reflects structural shift in the global economy
• Positive Sentiment: Short interest in Global X Silver Miners ETF fell sharply in April, which can reduce downside pressure and signal improving trader sentiment toward the fund.
• Neutral Sentiment: Some intraday reports note that hotter CPI data, rising Treasury yields, and a stronger dollar have pressured precious metals at times, which could create near-term volatility for SIL even amid the broader uptrend. Gold, silver fall as CPI, oil and dollar pressure metals – Kitco AM Report
• Neutral Sentiment: Market forecasts still show silver reacting to inflation, the dollar, and Fed expectations, so SIL may continue to trade with macro headlines rather than company-specific news. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Retreats As Traders Bet On Hawkish Fed

Global X Silver Miners ETF Stock Performance

Shares of NYSEARCA:SIL opened at $102.71 on Wednesday. Global X Silver Miners ETF has a 52-week low of $38.64 and a 52-week high of $119.24. The firm has a fifty day moving average of $94.56 and a 200 day moving average of $89.22. The firm has a market capitalization of $6.15 billion, a PE ratio of 32.07 and a beta of 0.78.

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.