Global X Silver Miners ETF (NYSEARCA:SIL) Sees Large Drop in Short Interest

Global X Silver Miners ETF (NYSEARCA:SIL) was the recipient of a significant drop in short interest in April. As of April 30th, there was short interest totaling 1,557,309 shares, a drop of 42.9% from the April 15th total of 2,726,373 shares. Based on an average daily volume of 1,756,465 shares, the days-to-cover ratio is presently 0.9 days. Currently, 2.6% of the shares of the stock are sold short.

Global X Silver Miners ETF Trading Down 7.5%

Shares of SIL stock traded down $7.48 on Friday, reaching $91.60. The company’s stock had a trading volume of 2,506,006 shares, compared to its average volume of 3,266,950. The stock’s fifty day simple moving average is $93.81 and its 200-day simple moving average is $89.69. Global X Silver Miners ETF has a 1 year low of $38.69 and a 1 year high of $119.24. The company has a market capitalization of $5.48 billion, a price-to-earnings ratio of 32.07 and a beta of 0.78.

Global X Silver Miners ETF News Summary

Here are the key news stories impacting Global X Silver Miners ETF this week:

• Negative Sentiment: Silver prices fell sharply as traders reacted to hotter U.S. CPI, higher rate-hike expectations, and a stronger dollar, which hurts demand for non-yielding metals and weighs on SIL holdings. Gold (XAUUSD) & Silver Price Forecast: Trump-Xi Summit + Hot CPI — Gold Crashes Below $4,600, Silver Below $78?
• Negative Sentiment: Precious metals came under additional pressure from a broader sell-off, with silver down notably alongside gold and platinum, reinforcing weakness across the sector. Gold (XAUUSD), Silver, Platinum Forecasts – Silver Dives 7.5% Amid Sell-Off In Precious Metals Markets
• Negative Sentiment: Silver dropped further as higher oil prices, rising yields, and a stronger U.S. dollar continued to pressure the metal, which can hurt near-term performance for silver miners. Gold and Silver Technical Analysis: Oil Shock Pressures Metals as Breakout Risks Build
• Negative Sentiment: UBS reportedly cut silver price outlooks, saying the expected supply deficit could narrow much more than previously thought in 2026, which may dampen enthusiasm for silver-related assets. Silver price outlooks chopped as supply deficit forecasted to narrow dramatically in 2026 – UBS
• Neutral Sentiment: Longer term, silver still has support from clean-energy, AI infrastructure, and industrial demand, which could help the ETF if near-term macro pressure eases. Clean Energy & Industrial Demand to Drive Long-Term Silver ETF Growth

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Hollencrest Capital Management boosted its stake 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 worth $1,563,000 after buying an additional 120 shares during the period. TD Waterhouse Canada Inc. boosted its stake in Global X Silver Miners ETF by 133.3% during the fourth quarter. TD Waterhouse Canada Inc. now owns 350 shares of the company’s stock worth $29,000 after buying an additional 200 shares during the period. CIBC Private Wealth Group LLC boosted its stake in Global X Silver Miners ETF by 204.7% during the fourth quarter. CIBC Private Wealth Group LLC now owns 323 shares of the company’s stock worth $27,000 after buying an additional 217 shares during the period. Sequoia Financial Advisors LLC boosted its stake in Global X Silver Miners ETF by 2.9% during the fourth quarter. Sequoia Financial Advisors LLC now owns 7,818 shares of the company’s stock worth $653,000 after buying an additional 219 shares during the period. Finally, Aptus Capital Advisors LLC boosted its stake in Global X Silver Miners ETF by 45.3% during the third quarter. Aptus Capital Advisors LLC now owns 722 shares of the company’s stock worth $52,000 after buying an additional 225 shares during the period.

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.