Global X Silver Miners ETF (NYSEARCA:SIL) Shares Gap Up – Here’s What Happened

Global X Silver Miners ETF (NYSEARCA:SIL) shares gapped up before the market opened on Friday . The stock had previously closed at $35.43, but opened at $36.48. Global X Silver Miners ETF shares last traded at $36.38, with a volume of 42,615 shares.

Global X Silver Miners ETF Trading Up 3.0 %

The firm has a market capitalization of $1.22 billion, a P/E ratio of 25.53 and a beta of 0.95. The stock has a 50-day simple moving average of $37.00 and a two-hundred day simple moving average of $34.39.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC purchased a new position in shares of Global X Silver Miners ETF in the 2nd quarter valued at $29,000. FMR LLC boosted its position in Global X Silver Miners ETF by 260.4% during the third 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. Baldwin Brothers LLC MA purchased a new position in Global X Silver Miners ETF in the second quarter valued at about $50,000. Arlington Trust Co LLC bought a new position in Global X Silver Miners ETF in the third quarter worth about $114,000. Finally, Franklin Resources Inc. lifted its position in shares of Global X Silver Miners ETF by 324.5% during the third quarter. Franklin Resources Inc. now owns 4,245 shares of the company’s stock valued at $154,000 after buying an additional 3,245 shares during the last quarter.

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.