Global X Silver Miners ETF (NYSEARCA:SIL) Short Interest Update

Global X Silver Miners ETF (NYSEARCA:SIL) saw a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 2,526,927 shares, a growth of 53.7% from the February 12th total of 1,643,668 shares. Currently, 3.9% of the shares of the company are sold short. Based on an average trading volume of 3,573,676 shares, the days-to-cover ratio is presently 0.7 days. Based on an average trading volume of 3,573,676 shares, the days-to-cover ratio is presently 0.7 days. Currently, 3.9% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Encompass More Asset Management grew its holdings in Global X Silver Miners ETF by 39.2% during the 3rd quarter. Encompass More Asset Management now owns 37,516 shares of the company’s stock valued at $2,687,000 after buying an additional 10,573 shares in the last quarter. Avalon Capital Management purchased a new stake in shares of Global X Silver Miners ETF in the third quarter worth about $842,000. Baird Financial Group Inc. boosted its position in shares of Global X Silver Miners ETF by 39.2% in the second quarter. Baird Financial Group Inc. now owns 170,802 shares of the company’s stock valued at $8,222,000 after acquiring an additional 48,107 shares during the period. Clifford Swan Investment Counsel LLC bought a new position in shares of Global X Silver Miners ETF in the third quarter valued at approximately $1,056,000. Finally, Capital Fund Management S.A. purchased a new position in Global X Silver Miners ETF during the second quarter valued at approximately $1,564,000.

Global X Silver Miners ETF Stock Down 5.5%

Global X Silver Miners ETF stock traded down $5.48 during midday trading on Friday, reaching $94.30. The stock had a trading volume of 3,016,650 shares, compared to its average volume of 4,246,100. Global X Silver Miners ETF has a 12 month low of $33.11 and a 12 month high of $119.24. The firm’s 50-day moving average price is $101.94 and its 200 day moving average price is $82.16. The firm has a market capitalization of $6.17 billion, a PE ratio of 32.07 and a beta of 0.71.

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.