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

Shares of Global X Silver Miners ETF (NYSEARCA:SIL) saw an uptick in trading volume on Thursday . 867,201 shares were traded during trading, an increase of 16% from the previous session’s volume of 746,652 shares.The stock last traded at $35.47 and had previously closed at $33.68.

Global X Silver Miners ETF Price Performance

The firm has a market cap of $1.18 billion, a PE ratio of 25.53 and a beta of 0.95. The stock has a 50 day simple moving average of $34.55 and a 200-day simple moving average of $34.80.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FMR LLC grew its holdings 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 buying an additional 625 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Global X Silver Miners ETF by 97.6% during the third quarter. JPMorgan Chase & Co. now owns 1,306 shares of the company’s stock valued at $46,000 after purchasing an additional 645 shares during the period. Arlington Trust Co LLC purchased a new position in Global X Silver Miners ETF during the 3rd quarter worth $114,000. Franklin Resources Inc. raised its holdings in shares of Global X Silver Miners ETF by 324.5% in the 3rd quarter. Franklin Resources Inc. now owns 4,245 shares of the company’s stock valued at $154,000 after purchasing an additional 3,245 shares in the last quarter. Finally, Sunbelt Securities Inc. lifted its stake in shares of Global X Silver Miners ETF by 51.4% during the 3rd quarter. Sunbelt Securities Inc. now owns 5,955 shares of the company’s stock worth $209,000 after purchasing an additional 2,022 shares during 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.