Global X Silver Miners ETF (NYSEARCA:SIL) Sees Large Volume Increase – Here’s Why

Global X Silver Miners ETF (NYSEARCA:SIL) shares saw an uptick in trading volume on Wednesday . 294,334 shares traded hands during trading, a decline of 55% from the previous session’s volume of 656,161 shares.The stock last traded at $39.29 and had previously closed at $41.95.

Global X Silver Miners ETF Stock Down 2.4 %

The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of 25.53 and a beta of 0.95. The business’s 50-day moving average is $35.48 and its two-hundred day moving average is $33.67.

Hedge Funds Weigh In On Global X Silver Miners ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the business. International Assets Investment Management LLC acquired a new position in Global X Silver Miners ETF during the second quarter worth about $29,000. Baldwin Brothers LLC MA acquired a new position in Global X Silver Miners ETF in the 2nd quarter valued at about $50,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Global X Silver Miners ETF by 14.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,500 shares of the company’s stock valued at $453,000 after purchasing an additional 2,100 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in Global X Silver Miners ETF by 9.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 35,950 shares of the company’s stock valued at $987,000 after purchasing an additional 3,200 shares during the last quarter. Finally, Arlington Trust Co LLC acquired a new position in Global X Silver Miners ETF in the 3rd quarter valued at about $114,000.

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.