Global X Silver Miners ETF (NYSEARCA:SIL) Short Interest Down 45.8% in May

Global X Silver Miners ETF (NYSEARCA:SIL) was the recipient of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 719,016 shares, a decrease of 45.8% from the May 14th total of 1,327,534 shares. Based on an average daily trading volume, of 1,430,040 shares, the days-to-cover ratio is currently 0.5 days. Currently, 1.2% of the company’s stock are short sold.

Global X Silver Miners ETF Stock Performance

Shares of Global X Silver Miners ETF stock traded up $2.59 on Friday, hitting $81.68. 905,538 shares of the company’s stock were exchanged, compared to its average volume of 2,986,712. The company has a 50-day simple moving average of $91.75 and a 200-day simple moving average of $92.51. The stock has a market capitalization of $4.89 billion, a PE ratio of 32.07 and a beta of 0.79. Global X Silver Miners ETF has a 1 year low of $46.18 and a 1 year high of $119.24.

Hedge Funds Weigh In On Global X Silver Miners ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. CIBC Private Wealth Group LLC boosted its position 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 valued at $27,000 after buying an additional 217 shares during the period. TD Waterhouse Canada Inc. boosted its holdings in Global X Silver Miners ETF by 133.3% in the fourth quarter. TD Waterhouse Canada Inc. now owns 350 shares of the company’s stock worth $29,000 after acquiring an additional 200 shares in the last quarter. Evelyn Partners Investment Management LLP acquired a new stake in Global X Silver Miners ETF in the fourth quarter worth about $32,000. EFG International AG purchased a new stake in shares of Global X Silver Miners ETF during the fourth quarter valued at $33,000. Finally, EverSource Wealth Advisors LLC purchased a new stake in Global X Silver Miners ETF during the 1st quarter valued at about $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.