Global X Silver Miners ETF (NYSEARCA:SIL) Short Interest Down 21.6% in March

Global X Silver Miners ETF (NYSEARCA:SIL) was the recipient of a significant decline in short interest in March. As of March 31st, there was short interest totaling 1,371,370 shares, a decline of 21.6% from the March 15th total of 1,749,247 shares. Approximately 2.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,939,044 shares, the short-interest ratio is presently 0.5 days.

Global X Silver Miners ETF Stock Performance

Shares of NYSEARCA SIL traded down $0.41 during mid-day trading on Thursday, hitting $97.18. 840,659 shares of the stock were exchanged, compared to its average volume of 3,622,032. Global X Silver Miners ETF has a twelve month low of $38.59 and a twelve month high of $119.24. The stock’s fifty day simple moving average is $97.88 and its two-hundred day simple moving average is $86.46. The company has a market cap of $5.57 billion, a P/E ratio of 32.07 and a beta of 0.87.

Hedge Funds Weigh In On Global X Silver Miners ETF

Several institutional investors have recently bought and sold shares of the business. CIBC Private Wealth Group LLC boosted its stake in Global X Silver Miners ETF by 204.7% in the fourth quarter. CIBC Private Wealth Group LLC now owns 323 shares of the company’s stock worth $27,000 after purchasing an additional 217 shares in the last quarter. TD Waterhouse Canada Inc. raised its holdings in shares of 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 valued at $29,000 after buying an additional 200 shares during the last quarter. Root Financial Partners LLC bought a new position in shares of Global X Silver Miners ETF in the third quarter valued at about $27,000. Evelyn Partners Investment Management LLP acquired a new position in Global X Silver Miners ETF during the 4th quarter worth about $32,000. Finally, EFG International AG bought a new stake in Global X Silver Miners ETF during the 4th quarter worth about $33,000.

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.