Stock Traders Purchase Large Volume of Global X Silver Miners ETF Call Options (NYSEARCA:SIL)

Global X Silver Miners ETF (NYSEARCA:SIL) was the target of some unusual options trading activity on Tuesday. Traders purchased 5,660 call options on the stock. This is an increase of 36% compared to the average volume of 4,164 call options.

Global X Silver Miners ETF Stock Down 0.8%

Shares of NYSEARCA SIL opened at $76.46 on Thursday. The firm has a market cap of $4.19 billion, a price-to-earnings ratio of 32.07 and a beta of 0.71. The company’s 50-day simple moving average is $70.04 and its 200-day simple moving average is $58.36. Global X Silver Miners ETF has a 52-week low of $31.37 and a 52-week high of $80.72.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SIL. Harbour Investments Inc. increased its stake in Global X Silver Miners ETF by 6,488.4% during the 1st quarter. Harbour Investments Inc. now owns 7,379 shares of the company’s stock worth $291,000 after buying an additional 7,267 shares in the last quarter. Liberty Wealth Management LLC acquired a new stake in shares of Global X Silver Miners ETF in the first quarter worth approximately $2,867,000. National Bank of Canada FI increased its position in shares of Global X Silver Miners ETF by 8.3% during the first quarter. National Bank of Canada FI now owns 5,057 shares of the company’s stock worth $199,000 after purchasing an additional 386 shares in the last quarter. Simplex Trading LLC increased its position in shares of Global X Silver Miners ETF by 316.9% during the first quarter. Simplex Trading LLC now owns 74,282 shares of the company’s stock worth $2,930,000 after purchasing an additional 56,464 shares in the last quarter. Finally, HighTower Advisors LLC raised its stake in Global X Silver Miners ETF by 13.7% in the 1st quarter. HighTower Advisors LLC now owns 24,698 shares of the company’s stock valued at $974,000 after purchasing an additional 2,970 shares during the last quarter.

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.