iShares Silver Trust Sees Unusually High Options Volume (NYSEARCA:SLV)

iShares Silver Trust (NYSEARCA:SLV) was the target of some unusual options trading on Friday. Investors acquired 886,190 call options on the company. This is an increase of 162% compared to the average volume of 337,944 call options.

Institutional Trading of iShares Silver Trust

A number of hedge funds have recently added to or reduced their stakes in SLV. Columbus Macro LLC lifted its position in shares of iShares Silver Trust by 1.8% during the 3rd quarter. Columbus Macro LLC now owns 20,462 shares of the exchange traded fund’s stock valued at $588,000 after buying an additional 368 shares in the last quarter. Whitaker Myers Wealth Managers LTD. raised its position in shares of iShares Silver Trust by 3.1% during the 3rd quarter. Whitaker Myers Wealth Managers LTD. now owns 11,339 shares of the exchange traded fund’s stock worth $322,000 after purchasing an additional 340 shares during the last quarter. Cadent Capital Advisors LLC lifted its position in shares of iShares Silver Trust by 48.5% in the third quarter. Cadent Capital Advisors LLC now owns 92,289 shares of the exchange traded fund’s stock valued at $2,622,000 after acquiring an additional 30,151 shares in the last quarter. Key Client Fiduciary Advisors LLC raised its position in shares of iShares Silver Trust by 91.6% in the third quarter. Key Client Fiduciary Advisors LLC now owns 5,187 shares of the exchange traded fund’s stock valued at $33,000 after buying an additional 2,480 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its position in iShares Silver Trust by 1.6% during the third quarter. Commonwealth Equity Services LLC now owns 1,875,896 shares of the exchange traded fund’s stock worth $53,294,000 after acquiring an additional 30,116 shares during the last quarter.

iShares Silver Trust Stock Performance

NYSEARCA SLV opened at $30.64 on Friday. iShares Silver Trust has a fifty-two week low of $20.07 and a fifty-two week high of $30.72. The firm has a market capitalization of $14.38 billion, a P/E ratio of -7.01 and a beta of 0.43. The stock has a 50-day simple moving average of $27.52 and a two-hundred day simple moving average of $26.87.

iShares Silver Trust Company Profile

iShares Silver Trust (the Trust) owns silver transferred to the Trust in exchange for shares issued by the Trust. The Trust’s each share represents a fractional undivided beneficial interest in its net assets. The assets of the Trust consist of silver held by the Trust’s custodian on behalf of the Trust.