Short Interest in Global X Silver Miners ETF (NYSEARCA:SIL) Expands By 70.9%

Global X Silver Miners ETF (NYSEARCA:SIL) saw a large growth in short interest in August. As of August 14th, there was short interest totaling 2,191,091 shares, a growth of 70.9% from the July 30th total of 1,282,042 shares. Approximately 4.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,432,270 shares, the days-to-cover ratio is presently 1.5 days.

Global X Silver Miners ETF Stock Performance

Shares of NYSEARCA SIL traded down $1.19 during trading hours on Monday, hitting $97.95. 1,229,258 shares of the stock were exchanged, compared to its average volume of 2,413,145. The company’s fifty day simple moving average is $82.45 and its two-hundred day simple moving average is $90.06. The company has a market cap of $5.26 billion, a PE ratio of 32.07 and a beta of 0.84. Global X Silver Miners ETF has a 1-year low of $56.15 and a 1-year high of $119.24.

Institutional Investors Weigh In On Global X Silver Miners ETF

A number of large investors have recently modified their holdings of SIL. JTC Employer Solutions Trustee Ltd bought a new position in shares of Global X Silver Miners ETF in the 4th quarter valued at $501,000. BNP Paribas Financial Markets grew its position in Global X Silver Miners ETF by 193.8% during the 4th quarter. BNP Paribas Financial Markets now owns 178,397 shares of the company’s stock worth $14,900,000 after acquiring an additional 117,667 shares during the last quarter. Wealthfront Advisers LLC grew its position in Global X Silver Miners ETF by 101.5% during the 4th quarter. Wealthfront Advisers LLC now owns 19,604 shares of the company’s stock worth $1,637,000 after acquiring an additional 9,874 shares during the last quarter. Purpose Unlimited Inc. acquired a new position in Global X Silver Miners ETF in the 4th quarter worth about $3,405,000. Finally, K.J. Harrison & Partners Inc acquired a new position in Global X Silver Miners ETF in the 4th quarter worth about $926,000.

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.