Global X Silver Miners ETF (NYSEARCA:SIL) Sees Large Increase in Short Interest

Global X Silver Miners ETF (NYSEARCA:SIL) was the target of a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 2,327,531 shares, a growth of 69.2% from the January 15th total of 1,375,547 shares. Based on an average trading volume of 7,495,509 shares, the days-to-cover ratio is currently 0.3 days. Currently, 3.6% of the shares of the company are sold short. Currently, 3.6% of the shares of the company are sold short. Based on an average trading volume of 7,495,509 shares, the days-to-cover ratio is currently 0.3 days.

Global X Silver Miners ETF Stock Up 5.2%

SIL opened at $101.64 on Friday. The company’s 50-day moving average price is $93.05 and its 200 day moving average price is $74.53. Global X Silver Miners ETF has a fifty-two week low of $33.11 and a fifty-two week high of $119.24. The firm has a market cap of $6.65 billion, a price-to-earnings ratio of 32.07 and a beta of 0.71.

Hedge Funds Weigh In On Global X Silver Miners ETF

Large investors have recently bought and sold shares of the stock. Royal Bank of Canada boosted its stake in Global X Silver Miners ETF by 620.3% during the 1st quarter. Royal Bank of Canada now owns 210,084 shares of the company’s stock valued at $8,288,000 after purchasing an additional 180,917 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Global X Silver Miners ETF by 120.6% in the first quarter. NewEdge Advisors LLC now owns 14,781 shares of the company’s stock valued at $583,000 after buying an additional 8,082 shares during the period. CWM LLC bought a new position in Global X Silver Miners ETF during the second quarter valued at about $107,000. MGO One Seven LLC acquired a new position in Global X Silver Miners ETF during the second quarter worth about $242,000. Finally, Sequoia Financial Advisors LLC raised its position in Global X Silver Miners ETF by 6.7% in the second quarter. Sequoia Financial Advisors LLC now owns 6,134 shares of the company’s stock worth $295,000 after acquiring an additional 384 shares in the last quarter.

Global X Silver Miners ETF News Roundup

Here are the key news stories impacting Global X Silver Miners ETF this week:

• Positive Sentiment: U.S. CPI surprised in a way that supported precious metals, lifting gold and silver and boosting demand for mining leverage — a primary driver behind inflows into SIL today. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Climbed Back Above $5000
• Positive Sentiment: Pre-CPI positioning and immediate price gains in gold and silver ahead of the report spurred short-term buying in miners ETFs like SIL as a leveraged play on metal rallies. Price gains for gold, silver ahead of U.S. CPI
• Positive Sentiment: Physical-market dynamics are tightening — reported plunges in silver inventories point to stronger real-world demand, a structural bullish factor for silver prices and miners’ earnings potential. Silver inventory plunges as physical demand challenges western pricing benchmarks
• Positive Sentiment: Asset managers are flagging value in miners amid the pullback, which could translate into buying interest for SIL from funds and value-focused investors. As gold and silver struggle, Franklin Templeton sees value in mining stocks
• Neutral Sentiment: Industry commentary suggests the recent sharp drop in silver was driven by structural liquidation mechanics rather than manipulation — this explains the move but leaves open how quickly liquidity and positioning will normalize. Silver’s 10.5% Drop Reflects Structural Liquidation, Not Manipulation, Says Former Bullion Bank Executive
• Negative Sentiment: High recent volatility — including rapid sell-offs and multi-percent plunges in metals — increases downside risk for SIL if metals reverse or risk appetite returns to equities and the dollar strengthens. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Dives Below $5000 Amid Broad Sell-Off In Commodity Markets

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.