Global X Silver Miners ETF (NYSEARCA:SIL) Shares Gap Up – Still a Buy?

Global X Silver Miners ETF (NYSEARCA:SIL)’s share price gapped up before the market opened on Monday . The stock had previously closed at $39.34, but opened at $40.46. Global X Silver Miners ETF shares last traded at $40.68, with a volume of 311,227 shares traded.

Global X Silver Miners ETF Trading Up 2.2 %

The business has a 50 day moving average price of $34.17 and a 200 day moving average price of $33.17. The company has a market capitalization of $1.35 billion, a P/E ratio of 25.53 and a beta of 0.95.

Hedge Funds Weigh In On Global X Silver Miners ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. CreativeOne Wealth LLC bought a new stake in Global X Silver Miners ETF during the 1st quarter worth approximately $235,000. Banque Cantonale Vaudoise boosted its stake in shares of Global X Silver Miners ETF by 24.1% during the 1st quarter. Banque Cantonale Vaudoise now owns 18,050 shares of the company’s stock worth $494,000 after acquiring an additional 3,500 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in Global X Silver Miners ETF by 14.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,500 shares of the company’s stock valued at $453,000 after acquiring an additional 2,100 shares during the period. SG Americas Securities LLC acquired a new stake in Global X Silver Miners ETF during the 1st quarter valued at $919,000. Finally, Pettinga Financial Advisors LLC boosted its position in Global X Silver Miners ETF by 20.4% during the first quarter. Pettinga Financial Advisors LLC now owns 17,020 shares of the company’s stock worth $467,000 after purchasing an additional 2,882 shares during the period.

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.