Short Interest in Global X Silver Miners ETF (NYSEARCA:SIL) Grows By 70.9%

Global X Silver Miners ETF (NYSEARCA:SIL) saw a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 2,191,091 shares, a growth of 70.9% from the July 30th total of 1,282,042 shares. Based on an average daily trading volume, of 1,432,270 shares, the days-to-cover ratio is presently 1.5 days. Currently, 4.1% of the company’s shares are short sold.

Hedge Funds Weigh In On Global X Silver Miners ETF

Large investors have recently modified their holdings of the business. CIBC Private Wealth Group LLC lifted its holdings in shares of Global X Silver Miners ETF by 204.7% during the fourth quarter. CIBC Private Wealth Group LLC now owns 323 shares of the company’s stock worth $27,000 after purchasing an additional 217 shares during the period. Evelyn Partners Investment Management LLP bought a new stake in shares of Global X Silver Miners ETF in the fourth quarter worth $32,000. EFG International AG acquired a new stake in Global X Silver Miners ETF in the fourth quarter valued at $33,000. EverSource Wealth Advisors LLC acquired a new stake in Global X Silver Miners ETF in the first quarter valued at $35,000. Finally, Sound Income Strategies LLC raised its position in Global X Silver Miners ETF by 428.8% during the 1st quarter. Sound Income Strategies LLC now owns 386 shares of the company’s stock worth $36,000 after purchasing an additional 313 shares during the last quarter.

Global X Silver Miners ETF Price Performance

NYSEARCA SIL traded down $1.19 during trading hours on Monday, reaching $97.95. The company’s stock had a trading volume of 1,229,258 shares, compared to its average volume of 2,413,145. The firm has a fifty day simple moving average of $82.45 and a 200-day simple moving average of $90.06. Global X Silver Miners ETF has a 52 week low of $56.15 and a 52 week high of $119.24. The stock has a market cap of $5.26 billion, a P/E ratio of 32.07 and a beta of 0.84.

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.