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

Global X Silver Miners ETF (NYSEARCA:SIL) was the target of a large decrease in short interest in 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 volume of 1,430,040 shares, the short-interest ratio is presently 0.5 days. Approximately 1.2% of the company’s stock are short sold.

Institutional Investors Weigh In On Global X Silver Miners ETF

A number of institutional investors have recently added to or reduced their stakes in SIL. Royal Bank of Canada grew its position in Global X Silver Miners ETF by 620.3% in the 1st quarter. Royal Bank of Canada now owns 210,084 shares of the company’s stock worth $8,288,000 after purchasing an additional 180,917 shares in the last quarter. NewEdge Advisors LLC grew its position in Global X Silver Miners ETF by 120.6% in the 1st quarter. NewEdge Advisors LLC now owns 14,781 shares of the company’s stock worth $583,000 after purchasing an additional 8,082 shares in the last quarter. Cerity Partners LLC grew its position in Global X Silver Miners ETF by 1.7% in the 2nd quarter. Cerity Partners LLC now owns 21,401 shares of the company’s stock worth $1,030,000 after purchasing an additional 368 shares in the last quarter. Qube Research & Technologies Ltd grew its position in Global X Silver Miners ETF by 91.6% in the 2nd quarter. Qube Research & Technologies Ltd now owns 99,770 shares of the company’s stock worth $4,803,000 after purchasing an additional 47,701 shares in the last quarter. Finally, Raymond James Financial Inc. grew its position in Global X Silver Miners ETF by 21.8% in the 2nd quarter. Raymond James Financial Inc. now owns 82,030 shares of the company’s stock worth $3,949,000 after purchasing an additional 14,676 shares in the last quarter.

Global X Silver Miners ETF Stock Up 2.3%

SIL stock traded up $1.96 during trading on Tuesday, reaching $88.91. The stock had a trading volume of 647,199 shares, compared to its average volume of 2,953,791. Global X Silver Miners ETF has a one year low of $46.18 and a one year high of $119.24. The company’s 50 day moving average is $91.64 and its two-hundred day moving average is $92.80. The company has a market capitalization of $5.32 billion, a price-to-earnings ratio of 32.07 and a beta of 0.79.

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.