Global X Silver Miners ETF (NYSEARCA:SIL) Reaches New 52-Week High – What’s Next?

Global X Silver Miners ETF (NYSEARCA:SIL)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $89.47 and last traded at $89.29, with a volume of 598287 shares changing hands. The stock had previously closed at $84.73.

Global X Silver Miners ETF Price Performance

The stock has a market capitalization of $4.86 billion, a PE ratio of 32.07 and a beta of 0.71. The firm’s 50 day simple moving average is $72.25 and its 200 day simple moving average is $61.61.

Institutional Trading of Global X Silver Miners ETF

Hedge funds have recently added to or reduced their stakes in the business. Root Financial Partners LLC bought a new position in shares of Global X Silver Miners ETF during the third quarter valued at about $27,000. Private Trust Co. NA lifted its position in Global X Silver Miners ETF by 925.0% in the third quarter. Private Trust Co. NA now owns 410 shares of the company’s stock valued at $29,000 after purchasing an additional 370 shares during the last quarter. Atlantic Union Bankshares Corp boosted its stake in shares of Global X Silver Miners ETF by 661.7% during the third quarter. Atlantic Union Bankshares Corp now owns 457 shares of the company’s stock valued at $33,000 after purchasing an additional 397 shares during the period. Ameriflex Group Inc. boosted its stake in shares of Global X Silver Miners ETF by 100.0% during the third quarter. Ameriflex Group Inc. now owns 538 shares of the company’s stock valued at $39,000 after purchasing an additional 269 shares during the period. Finally, Mather Group LLC. bought a new position in shares of Global X Silver Miners ETF in the third quarter worth approximately $44,000.

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.