Global X Silver Miners ETF (NYSEARCA:SIL) Shares Gap Down – Should You Sell?

Global X Silver Miners ETF (NYSEARCA:SIL)’s share price gapped down before the market opened on Monday . The stock had previously closed at $36.05, but opened at $35.00. Global X Silver Miners ETF shares last traded at $35.04, with a volume of 77,112 shares.

Global X Silver Miners ETF Stock Performance

The stock has a market cap of $1.18 billion, a PE ratio of 25.53 and a beta of 0.95. The business has a 50 day moving average price of $36.97 and a two-hundred day moving average price of $34.36.

Institutional Trading of Global X Silver Miners ETF

A number of institutional investors have recently modified their holdings of SIL. International Assets Investment Management LLC bought a new stake in Global X Silver Miners ETF during the 2nd quarter valued at $29,000. FMR LLC raised its position in shares of Global X Silver Miners ETF by 260.4% in the third quarter. FMR LLC now owns 865 shares of the company’s stock worth $30,000 after buying an additional 625 shares in the last quarter. Baldwin Brothers LLC MA bought a new stake in Global X Silver Miners ETF during the second quarter valued at $50,000. Arlington Trust Co LLC purchased a new position in Global X Silver Miners ETF during the third quarter worth about $114,000. Finally, Sunbelt Securities Inc. increased its stake in Global X Silver Miners ETF by 51.4% in the 3rd quarter. Sunbelt Securities Inc. now owns 5,955 shares of the company’s stock worth $209,000 after acquiring an additional 2,022 shares during the last quarter.

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.