Global X Silver Miners ETF (NYSEARCA:SIL) Shares Gap Down – Time to Sell?

Global X Silver Miners ETF (NYSEARCA:SILGet Free Report) shares gapped down before the market opened on Friday . The stock had previously closed at $37.61, but opened at $36.77. Global X Silver Miners ETF shares last traded at $36.72, with a volume of 68,046 shares traded.

Global X Silver Miners ETF Stock Down 3.5 %

The company’s fifty day moving average price is $37.47 and its 200 day moving average price is $34.67. The company has a market capitalization of $1.22 billion, a P/E ratio of 25.53 and a beta of 0.95.

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 position in shares of 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 buying an additional 625 shares in the last quarter. International Assets Investment Management LLC bought a new stake in Global X Silver Miners ETF during the second quarter worth $29,000. Arlington Trust Co LLC acquired a new stake in shares of Global X Silver Miners ETF in the 3rd quarter valued at $114,000. Franklin Resources Inc. increased its stake in shares of Global X Silver Miners ETF by 324.5% in the 3rd quarter. Franklin Resources Inc. now owns 4,245 shares of the company’s stock valued at $154,000 after purchasing an additional 3,245 shares during the last quarter. Finally, Sunbelt Securities Inc. increased 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 purchasing an additional 2,022 shares during the last quarter.

Global X Silver Miners ETF Company Profile

(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.

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