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

Shares of Global X Silver Miners ETF (NYSEARCA:SIL) saw strong trading volume on Monday . 2,009,052 shares changed hands during trading, an increase of 15% from the previous session’s volume of 1,745,080 shares.The stock last traded at $84.12 and had previously closed at $90.01.

Global X Silver Miners ETF Stock Down 5.7%

The stock has a market capitalization of $4.65 billion, a P/E ratio of 32.07 and a beta of 0.71. The business’s 50 day simple moving average is $73.44 and its two-hundred day simple moving average is $63.02.

Institutional Trading of Global X Silver Miners ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Mainstay Capital Management LLC ADV purchased a new position in shares of Global X Silver Miners ETF during the third quarter valued at approximately $1,438,000. Tudor Investment Corp ET AL purchased a new position in Global X Silver Miners ETF during the 3rd quarter worth $433,000. Cantor Fitzgerald L. P. bought a new stake in shares of Global X Silver Miners ETF in the 3rd quarter worth $717,000. Sunbelt Securities Inc. raised its holdings in shares of Global X Silver Miners ETF by 4.5% in the third quarter. Sunbelt Securities Inc. now owns 6,491 shares of the company’s stock valued at $465,000 after purchasing an additional 280 shares during the last quarter. Finally, Advisory Services Network LLC bought a new position in shares of Global X Silver Miners ETF during the third quarter valued at about $150,000.

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.