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

Global X Silver Miners ETF (NYSEARCA:SIL) shares saw an uptick in trading volume on Thursday . 867,201 shares changed hands during trading, an increase of 16% from the previous session’s volume of 746,652 shares.The stock last traded at $35.47 and had previously closed at $33.68.

Global X Silver Miners ETF Stock Up 4.2 %

The firm has a market cap of $1.18 billion, a price-to-earnings ratio of 25.53 and a beta of 0.95. The company’s 50-day moving average price is $34.55 and its 200-day moving average price is $34.80.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SIL. FMR LLC lifted its stake in shares of Global X Silver Miners ETF by 260.4% in the 3rd quarter. FMR LLC now owns 865 shares of the company’s stock valued at $30,000 after purchasing an additional 625 shares during the last quarter. Franklin Resources Inc. boosted its holdings in 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 purchasing an additional 3,245 shares in the last quarter. Stifel Financial Corp lifted its holdings in shares of Global X Silver Miners ETF by 40.9% in the 3rd quarter. Stifel Financial Corp now owns 38,136 shares of the company’s stock valued at $1,338,000 after purchasing an additional 11,063 shares during the last quarter. Envestnet Asset Management Inc. raised its position in Global X Silver Miners ETF by 21.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 121,219 shares of the company’s stock valued at $3,781,000 after purchasing an additional 21,639 shares during the last quarter. Finally, Sunbelt Securities Inc. grew its stake in shares of 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 purchasing an additional 2,022 shares during 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.