Global X Silver Miners ETF (NYSEARCA:SIL) Short Interest Down 45.8% in May

Global X Silver Miners ETF (NYSEARCA:SIL) was the recipient of a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 719,016 shares, a decrease of 45.8% from the May 14th total of 1,327,534 shares. Approximately 1.2% of the shares of the company are short sold. Based on an average trading volume of 1,430,040 shares, the days-to-cover ratio is presently 0.5 days.

Hedge Funds Weigh In On Global X Silver Miners ETF

A number of institutional investors have recently bought and sold shares of SIL. SG Americas Securities LLC lifted its holdings in shares of Global X Silver Miners ETF by 465.8% during the 4th quarter. SG Americas Securities LLC now owns 14,320 shares of the company’s stock valued at $1,196,000 after purchasing an additional 11,789 shares in the last quarter. Clifford Swan Investment Counsel LLC bought a new position in Global X Silver Miners ETF in the third quarter valued at approximately $1,056,000. Cantor Fitzgerald L. P. bought a new position in shares of Global X Silver Miners ETF during the 3rd quarter worth approximately $717,000. Clear Creek Financial Management LLC bought a new position in shares of Global X Silver Miners ETF during the 4th quarter worth approximately $3,822,000. Finally, Insigneo Advisory Services LLC acquired a new stake in Global X Silver Miners ETF during the 3rd quarter worth approximately $400,000.

Global X Silver Miners ETF Stock Performance

NYSEARCA SIL traded up $2.59 during mid-day trading on Friday, reaching $81.68. 905,538 shares of the stock were exchanged, compared to its average volume of 2,986,712. The company has a market capitalization of $4.89 billion, a P/E ratio of 32.07 and a beta of 0.79. Global X Silver Miners ETF has a 1 year low of $46.18 and a 1 year high of $119.24. The business’s 50 day moving average is $91.75 and its 200-day moving average is $92.51.

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.