Short Interest in Global X Silver Miners ETF (NYSEARCA:SIL) Increases By 107.2%

Global X Silver Miners ETF (NYSEARCA:SIL) was the recipient of a significant increase in short interest in June. As of June 15th, there was short interest totaling 1,489,774 shares, an increase of 107.2% from the May 31st total of 719,016 shares. Currently, 2.5% of the shares of the stock are short sold. Based on an average trading volume of 1,764,454 shares, the days-to-cover ratio is currently 0.8 days.

Global X Silver Miners ETF Stock Performance

Shares of Global X Silver Miners ETF stock traded down $0.08 during midday trading on Tuesday, hitting $77.33. 453,417 shares of the company traded hands, compared to its average volume of 2,832,184. The firm’s fifty day moving average price is $88.74 and its 200-day moving average price is $93.16. The stock has a market cap of $4.63 billion, a price-to-earnings ratio of 32.07 and a beta of 0.79. Global X Silver Miners ETF has a 12 month low of $47.09 and a 12 month high of $119.24.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. CIBC Private Wealth Group LLC grew its position in 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 worth $27,000 after acquiring an additional 217 shares during the last quarter. TD Waterhouse Canada Inc. boosted its stake in shares of 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 valued at $29,000 after purchasing an additional 200 shares in the last quarter. Evelyn Partners Investment Management LLP bought a new stake in shares of Global X Silver Miners ETF during the fourth quarter worth about $32,000. EFG International AG bought a new stake in shares of Global X Silver Miners ETF during the fourth quarter worth about $33,000. Finally, EverSource Wealth Advisors LLC acquired a new position in shares of Global X Silver Miners ETF in the first quarter valued at approximately $35,000.

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.