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

Global X Silver Miners ETF (NYSEARCA:SIL) shares saw unusually-strong trading volume on Tuesday . Approximately 1,829,562 shares were traded during trading, an increase of 44% from the previous session’s volume of 1,268,480 shares.The stock last traded at $58.82 and had previously closed at $58.10.

Global X Silver Miners ETF Trading Up 2.5%

The stock’s 50-day simple moving average is $51.15 and its 200-day simple moving average is $44.30. The stock has a market cap of $2.64 billion, a price-to-earnings ratio of 32.07 and a beta of 0.98.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in SIL. JPMorgan Chase & Co. grew its position in shares of Global X Silver Miners ETF by 24.2% during the 4th quarter. JPMorgan Chase & Co. now owns 1,622 shares of the company’s stock worth $52,000 after purchasing an additional 316 shares in the last quarter. Stifel Financial Corp grew its position in shares of Global X Silver Miners ETF by 16.7% during the 4th quarter. Stifel Financial Corp now owns 44,490 shares of the company’s stock worth $1,413,000 after purchasing an additional 6,354 shares in the last quarter. Aptus Capital Advisors LLC boosted its position in shares of Global X Silver Miners ETF by 369.7% during the 4th quarter. Aptus Capital Advisors LLC now owns 1,982 shares of the company’s stock worth $64,000 after acquiring an additional 1,560 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of Global X Silver Miners ETF by 22.8% during the 4th quarter. BNP Paribas Financial Markets now owns 7,614 shares of the company’s stock worth $242,000 after acquiring an additional 1,413 shares in the last quarter. Finally, Beverly Hills Private Wealth LLC acquired a new stake in shares of Global X Silver Miners ETF during the 4th quarter worth approximately $302,000.

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.