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

Global X Silver Miners ETF (NYSEARCA:SIL) shares saw strong trading volume on Wednesday . 365,764 shares were traded during trading, a decline of 43% from the previous session’s volume of 646,230 shares.The stock last traded at $40.17 and had previously closed at $41.06.

Global X Silver Miners ETF Trading Down 2.1 %

The company has a market cap of $1.35 billion, a PE ratio of 25.53 and a beta of 0.95. The company has a fifty day simple moving average of $34.54 and a two-hundred day simple moving average of $33.31.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new stake in Global X Silver Miners ETF during the 2nd quarter worth $29,000. Baldwin Brothers LLC MA acquired a new position in shares of Global X Silver Miners ETF in the 2nd quarter valued at $50,000. Jeppson Wealth Management LLC purchased a new stake in Global X Silver Miners ETF in the 2nd quarter valued at $213,000. CreativeOne Wealth LLC acquired a new stake in Global X Silver Miners ETF during the 1st quarter worth $235,000. Finally, Well Done LLC purchased a new position in Global X Silver Miners ETF during the 3rd quarter worth $245,000.

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.