Global X Silver Miners ETF (NYSEARCA:SIL) Shares Gap Down – Should You Sell?

Global X Silver Miners ETF (NYSEARCA:SIL) gapped down prior to trading on Friday . The stock had previously closed at $37.61, but opened at $36.77. Global X Silver Miners ETF shares last traded at $36.72, with a volume of 68,046 shares.

Global X Silver Miners ETF Trading Down 3.2 %

The firm has a market cap of $1.22 billion, a price-to-earnings ratio of 25.53 and a beta of 0.95. The stock has a 50-day moving average of $37.46 and a 200-day moving average of $34.66.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Raymond James & Associates grew its stake in shares of Global X Silver Miners ETF by 11.4% in the second quarter. Raymond James & Associates now owns 137,692 shares of the company’s stock worth $4,295,000 after purchasing an additional 14,128 shares in the last quarter. Meitav Investment House Ltd. acquired a new stake in Global X Silver Miners ETF in the second quarter worth about $13,098,000. International Assets Investment Management LLC bought a new position in Global X Silver Miners ETF in the 2nd quarter valued at about $29,000. Jeppson Wealth Management LLC acquired a new position in Global X Silver Miners ETF during the 2nd quarter valued at about $213,000. Finally, Envestnet Asset Management Inc. raised its position in shares of Global X Silver Miners ETF by 21.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 121,219 shares of the company’s stock worth $3,781,000 after buying an additional 21,639 shares in the last quarter.

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.