Short Interest in Global X Silver Miners ETF (NYSEARCA:SIL) Declines By 30.8%

Global X Silver Miners ETF (NYSEARCA:SIL) was the recipient of a significant decline in short interest in March. As of March 13th, there was short interest totaling 1,749,247 shares, a decline of 30.8% from the February 26th total of 2,526,927 shares. Based on an average daily volume of 2,735,665 shares, the days-to-cover ratio is currently 0.6 days. Currently, 2.7% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of SIL. Root Financial Partners LLC purchased a new stake in shares of Global X Silver Miners ETF in the third quarter valued at about $27,000. CIBC Private Wealth Group LLC raised its position in shares of Global X Silver Miners ETF by 204.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 323 shares of the company’s stock valued at $27,000 after buying an additional 217 shares during the period. Private Trust Co. NA raised its position in shares of Global X Silver Miners ETF by 925.0% during the 3rd quarter. Private Trust Co. NA now owns 410 shares of the company’s stock valued at $29,000 after buying an additional 370 shares during the period. TD Waterhouse Canada Inc. increased its stake in Global X Silver Miners ETF by 133.3% during the fourth quarter. TD Waterhouse Canada Inc. now owns 350 shares of the company’s stock worth $29,000 after acquiring an additional 200 shares during the last quarter. Finally, Evelyn Partners Investment Management LLP purchased a new stake in Global X Silver Miners ETF in the fourth quarter valued at $32,000.

Global X Silver Miners ETF Trading Down 0.7%

SIL stock traded down $0.63 during midday trading on Monday, reaching $83.55. The stock had a trading volume of 2,340,966 shares, compared to its average volume of 3,984,814. Global X Silver Miners ETF has a 52-week low of $33.11 and a 52-week high of $119.24. The company’s fifty day simple moving average is $100.40 and its 200 day simple moving average is $84.25. The company has a market cap of $5.47 billion, a price-to-earnings ratio of 32.07 and a beta of 0.71.

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.