Global X Silver Miners ETF (NYSEARCA:SIL) Shares Gap Down – What’s Next?

Global X Silver Miners ETF (NYSEARCA:SIL)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $36.05, but opened at $35.00. Global X Silver Miners ETF shares last traded at $35.04, with a volume of 77,112 shares.

Global X Silver Miners ETF Trading Down 2.9 %

The firm has a market cap of $1.17 billion, a price-to-earnings ratio of 25.53 and a beta of 0.95. The firm’s 50 day simple moving average is $36.98 and its two-hundred day simple moving average is $34.35.

Hedge Funds Weigh In On Global X Silver Miners ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SIL. FMR LLC raised its holdings in shares of Global X Silver Miners ETF by 260.4% during the 3rd quarter. FMR LLC now owns 865 shares of the company’s stock worth $30,000 after buying an additional 625 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in Global X Silver Miners ETF in the second quarter valued at approximately $29,000. Baldwin Brothers LLC MA bought a new stake in shares of Global X Silver Miners ETF during the second quarter worth $50,000. Arlington Trust Co LLC acquired a new position in shares of Global X Silver Miners ETF during the third quarter worth $114,000. Finally, Sunbelt Securities Inc. lifted 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 acquiring an additional 2,022 shares during the last quarter.

Global X Silver Miners ETF Company Profile

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.