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

Shares of Global X Silver Miners ETF (NYSEARCA:SIL) saw an uptick in trading volume on Tuesday . 496,408 shares traded hands during trading, a decline of 15% from the previous session’s volume of 586,584 shares.The stock last traded at $33.65 and had previously closed at $33.01.

Global X Silver Miners ETF Stock Up 1.8 %

The company has a market cap of $1.13 billion, a P/E ratio of 25.53 and a beta of 0.95. The firm has a fifty day moving average price of $34.88 and a 200 day moving average price of $34.85.

Institutional Investors Weigh In On Global X Silver Miners ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. FMR LLC boosted its position in shares of Global X Silver Miners ETF by 260.4% in the third quarter. FMR LLC now owns 865 shares of the company’s stock valued at $30,000 after acquiring an additional 625 shares during the period. JPMorgan Chase & Co. grew its position in shares of Global X Silver Miners ETF by 97.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,306 shares of the company’s stock worth $46,000 after purchasing an additional 645 shares in the last quarter. Arlington Trust Co LLC acquired a new stake in shares of Global X Silver Miners ETF in the third quarter valued at approximately $114,000. Franklin Resources Inc. boosted its stake in shares of Global X Silver Miners ETF by 324.5% in the third quarter. Franklin Resources Inc. now owns 4,245 shares of the company’s stock valued at $154,000 after buying an additional 3,245 shares during the period. Finally, Sunbelt Securities Inc. raised its holdings in Global X Silver Miners ETF by 51.4% in the 3rd quarter. Sunbelt Securities Inc. now owns 5,955 shares of the company’s stock valued at $209,000 after acquiring an additional 2,022 shares in the last quarter.

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.