Short Interest in Global X Silver Miners ETF (NYSEARCA:SIL) Increases By 53.7%

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 volume of 3,573,676 shares, the days-to-cover ratio is presently 0.7 days. Currently, 3.9% of the shares of the stock are sold short. Currently, 3.9% of the shares of the stock are sold short. Based on an average daily volume of 3,573,676 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Investors Weigh In On Global X Silver Miners ETF

A number of large investors have recently added to or reduced their stakes in the company. Hollencrest Capital Management boosted its position in Global X Silver Miners ETF by 0.6% during the fourth quarter. Hollencrest Capital Management now owns 18,711 shares of the company’s stock valued at $1,563,000 after buying an additional 120 shares during the period. TD Waterhouse Canada Inc. raised its position in shares of Global X Silver Miners ETF by 133.3% in the 4th quarter. TD Waterhouse Canada Inc. now owns 350 shares of the company’s stock worth $29,000 after purchasing an additional 200 shares during the last quarter. AE Wealth Management LLC lifted its holdings in shares of Global X Silver Miners ETF by 26.9% during the second quarter. AE Wealth Management LLC now owns 995 shares of the company’s stock valued at $48,000 after purchasing an additional 211 shares in the last quarter. SBI Securities Co. Ltd. boosted its position in Global X Silver Miners ETF by 31.4% in the second quarter. SBI Securities Co. Ltd. now owns 891 shares of the company’s stock worth $43,000 after purchasing an additional 213 shares during the last quarter. Finally, CIBC Private Wealth Group LLC raised its holdings in Global X Silver Miners ETF by 204.7% in the 4th quarter. CIBC Private Wealth Group LLC now owns 323 shares of the company’s stock worth $27,000 after purchasing an additional 217 shares during the period.

Global X Silver Miners ETF Stock Performance

NYSEARCA SIL traded down $5.48 on Friday, hitting $94.30. The stock had a trading volume of 3,016,650 shares, compared to its average volume of 4,246,100. The firm has a 50-day moving average of $101.94 and a 200-day moving average of $82.16. Global X Silver Miners ETF has a 52-week low of $33.11 and a 52-week high of $119.24. The company has a market capitalization of $6.17 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.