Global X Silver Miners ETF (NYSEARCA:SIL) Sees Significant Growth in Short Interest

Global X Silver Miners ETF (NYSEARCA:SIL) was the target of a large increase in short interest in the month of February. As of February 27th, there was short interest totaling 2,526,927 shares, an increase of 53.7% from the February 12th total of 1,643,668 shares. Based on an average daily trading volume, of 3,573,676 shares, the days-to-cover ratio is currently 0.7 days. Currently, 3.9% of the company’s stock are short sold. Currently, 3.9% of the company’s stock are short sold. Based on an average daily trading volume, of 3,573,676 shares, the days-to-cover ratio is currently 0.7 days.

Hedge Funds Weigh In On Global X Silver Miners ETF

A number of hedge funds and other institutional investors have recently modified their holdings of SIL. ARP Global Capital Ltd bought a new position in Global X Silver Miners ETF during the fourth quarter valued at about $11,798,000. Walser Wealth Management Company A Ltd Liability Co bought a new stake in Global X Silver Miners ETF in the 4th quarter valued at about $867,000. Virtu Financial LLC lifted its holdings in Global X Silver Miners ETF by 379.0% during the fourth quarter. Virtu Financial LLC now owns 14,623 shares of the company’s stock valued at $1,221,000 after purchasing an additional 11,570 shares during the last quarter. Kovitz Investment Group Partners LLC bought a new position in Global X Silver Miners ETF during the fourth quarter worth about $242,000. Finally, Caitlin John LLC raised its position in shares of Global X Silver Miners ETF by 116.4% in the fourth quarter. Caitlin John LLC now owns 3,462 shares of the company’s stock valued at $289,000 after purchasing an additional 1,862 shares during the period.

Global X Silver Miners ETF Stock Performance

Shares of NYSEARCA SIL traded down $5.48 during midday trading on Friday, hitting $94.30. 3,016,650 shares of the stock traded hands, compared to its average volume of 4,246,100. The business has a 50 day moving average price of $101.94 and a two-hundred day moving average price of $82.16. Global X Silver Miners ETF has a one year low of $33.11 and a one year high of $119.24. The company has a market cap of $6.17 billion, a PE ratio of 32.07 and a beta of 0.71.

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.