Global X Silver Miners ETF (NYSEARCA:SIL) Sees Strong Trading Volume – Time to Buy?

Posted by Faye Duncan on Jan 9th, 2025

Global X Silver Miners ETF (NYSEARCA:SIL – Get Free Report) shares saw unusually-high trading volume on Tuesday . Approximately 216,759 shares were traded during mid-day trading, a decline of 53% from the previous session’s volume of 465,296 shares.The stock last traded at $33.66 and had previously closed at $32.58.

Global X Silver Miners ETF Trading Up 0.9 %

The stock’s 50-day moving average price is $35.69 and its 200-day moving average price is $34.75. The company has a market cap of $1.11 billion, a P/E ratio of 25.53 and a beta of 0.95.

Hedge Funds Weigh In On Global X Silver Miners ETF

Large investors have recently modified their holdings of the company. FMR LLC lifted its position in 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 acquiring an additional 625 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Global X Silver Miners ETF by 97.6% in the third quarter. JPMorgan Chase & Co. now owns 1,306 shares of the company’s stock valued at $46,000 after purchasing an additional 645 shares in the last quarter. Arlington Trust Co LLC purchased a new position in shares of Global X Silver Miners ETF during the third quarter valued at approximately $114,000. Franklin Resources Inc. grew its holdings in Global X Silver Miners ETF by 324.5% during the third quarter. Franklin Resources Inc. now owns 4,245 shares of the company’s stock worth $154,000 after buying an additional 3,245 shares in the last quarter. Finally, Sunbelt Securities Inc. grew its holdings in Global X Silver Miners ETF by 51.4% during the third quarter. Sunbelt Securities Inc. now owns 5,955 shares of the company’s stock worth $209,000 after buying an additional 2,022 shares in the last quarter.

About Global X Silver Miners ETF

(Get Free Report)

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.