Global X Silver Miners ETF (NYSEARCA:SIL) Sees Large Volume Increase – What’s Next?

Global X Silver Miners ETF (NYSEARCA:SIL) saw strong trading volume on Tuesday . 496,408 shares changed hands during mid-day 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 firm has a 50-day simple moving average of $34.88 and a 200 day simple moving average of $34.85. The company has a market cap of $1.13 billion, a price-to-earnings ratio of 25.53 and a beta of 0.95.

Hedge Funds Weigh In On Global X Silver Miners ETF

Large investors have recently made changes to their positions in the business. Envestnet Asset Management Inc. lifted its holdings 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 worth $3,781,000 after purchasing an additional 21,639 shares during the last quarter. Creative Planning acquired a new position in shares of Global X Silver Miners ETF during the 2nd quarter worth about $548,000. SPC Financial Inc. acquired a new stake in Global X Silver Miners ETF in the 2nd quarter valued at approximately $599,000. Cetera Investment Advisers lifted its holdings in shares of Global X Silver Miners ETF by 140.7% during the second quarter. Cetera Investment Advisers now owns 162,245 shares of the company’s stock worth $5,060,000 after buying an additional 94,834 shares during the last quarter. Finally, SG Americas Securities LLC grew its stake in shares of Global X Silver Miners ETF by 184.8% in the third quarter. SG Americas Securities LLC now owns 24,706 shares of the company’s stock worth $867,000 after acquiring an additional 16,032 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.