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

Global X Silver Miners ETF (NYSEARCA:SIL) saw an uptick in trading volume on Wednesday . 365,764 shares were traded during mid-day 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 Stock Up 1.3 %

The firm has a market capitalization of $1.37 billion, a PE ratio of 25.53 and a beta of 0.95. The stock has a 50-day moving average price of $34.90 and a 200 day moving average price of $33.41.

Institutional Trading of Global X Silver Miners ETF

Large investors have recently bought and sold shares of the business. Meitav Investment House Ltd. purchased a new stake in Global X Silver Miners ETF in the second quarter valued at $13,098,000. 1832 Asset Management L.P. lifted its position in Global X Silver Miners ETF by 12.3% in the first quarter. 1832 Asset Management L.P. now owns 1,349,520 shares of the company’s stock valued at $37,058,000 after buying an additional 148,242 shares during the last quarter. Cetera Investment Advisers increased its position in shares of Global X Silver Miners ETF by 140.7% during the second quarter. Cetera Investment Advisers now owns 162,245 shares of the company’s stock valued at $5,060,000 after acquiring an additional 94,834 shares during the last quarter. PCG Wealth Advisors LLC lifted its holdings in shares of Global X Silver Miners ETF by 22.5% in the 3rd quarter. PCG Wealth Advisors LLC now owns 371,859 shares of the company’s stock worth $13,049,000 after acquiring an additional 68,334 shares during the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in Global X Silver Miners ETF in the 1st quarter valued at approximately $1,172,000.

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.