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

Global X Silver Miners ETF (NYSEARCA:SIL) shares saw unusually-strong trading volume on Tuesday . Approximately 216,759 shares traded hands during mid-day trading, a decline of 53% from the previous session’s volume of 465,296 shares.The stock last traded at $33.66 and had previously closed at $32.58.

Global X Silver Miners ETF Price Performance

The stock has a 50-day moving average price of $36.00 and a 200-day moving average price of $34.76. The company has a market capitalization of $1.11 billion, a P/E ratio of 25.53 and a beta of 0.95.

Institutional Investors Weigh In On Global X Silver Miners ETF

Hedge funds have recently added to or reduced their stakes in the business. FMR LLC increased its stake in Global X Silver Miners ETF by 260.4% during the 3rd quarter. FMR LLC now owns 865 shares of the company’s stock valued at $30,000 after purchasing an additional 625 shares in the last quarter. Stifel Financial Corp boosted its stake in Global X Silver Miners ETF by 40.9% during the 3rd quarter. Stifel Financial Corp now owns 38,136 shares of the company’s stock valued at $1,338,000 after purchasing an additional 11,063 shares during the last quarter. Franklin Resources Inc. increased its holdings in Global X Silver Miners ETF by 324.5% during the 3rd quarter. Franklin Resources Inc. now owns 4,245 shares of the company’s stock worth $154,000 after purchasing an additional 3,245 shares in the last quarter. Envestnet Asset Management Inc. raised its stake 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 purchasing an additional 21,639 shares during the last quarter. Finally, Sunbelt Securities Inc. lifted its holdings 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 valued at $209,000 after purchasing an additional 2,022 shares in the last quarter.

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.