Global X Silver Miners ETF (NYSEARCA:SIL) Short Interest Up 33.2% in December

Global X Silver Miners ETF (NYSEARCA:SILGet Free Report) was the target of a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 2,402,669 shares, a growth of 33.2% from the December 15th total of 1,803,172 shares. Currently, 4.0% of the shares of the company are short sold. Based on an average trading volume of 3,114,375 shares, the days-to-cover ratio is presently 0.8 days. Based on an average trading volume of 3,114,375 shares, the days-to-cover ratio is presently 0.8 days. Currently, 4.0% of the shares of the company are short sold.

Institutional Investors Weigh In On Global X Silver Miners ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SIL. Banque Pictet & Cie SA bought a new position in shares of Global X Silver Miners ETF in the fourth quarter worth about $2,172,000. Sollinda Capital Management LLC purchased a new position in Global X Silver Miners ETF in the 4th quarter worth approximately $209,000. One Plus One Wealth Management LLC boosted its stake in Global X Silver Miners ETF by 1.2% in the 4th quarter. One Plus One Wealth Management LLC now owns 68,727 shares of the company’s stock worth $5,740,000 after purchasing an additional 787 shares during the period. Brookstone Capital Management purchased a new stake in Global X Silver Miners ETF during the 4th quarter valued at approximately $468,000. Finally, Savior LLC bought a new stake in shares of Global X Silver Miners ETF during the fourth quarter valued at approximately $988,000.

Global X Silver Miners ETF Price Performance

Shares of NYSEARCA:SIL traded up $1.95 during midday trading on Friday, hitting $98.35. The company had a trading volume of 5,120,813 shares, compared to its average volume of 3,618,459. Global X Silver Miners ETF has a 12-month low of $32.45 and a 12-month high of $98.40. The company has a fifty day moving average of $80.31 and a two-hundred day moving average of $67.36. The company has a market cap of $5.96 billion, a price-to-earnings ratio of 32.07 and a beta of 0.71.

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Global X Silver Miners ETF Company Profile

(Get Free Report)

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.

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