iShares Silver Trust (NYSEARCA:SLV) Short Interest Down 18.2% in February

iShares Silver Trust (NYSEARCA:SLV) was the recipient of a significant drop in short interest in February. As of February 27th, there was short interest totaling 37,449,254 shares, a drop of 18.2% from the February 12th total of 45,791,088 shares. Currently, 6.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 68,804,852 shares, the short-interest ratio is currently 0.5 days. Based on an average daily trading volume, of 68,804,852 shares, the short-interest ratio is currently 0.5 days. Currently, 6.8% of the shares of the stock are sold short.

iShares Silver Trust Price Performance

SLV traded up $0.53 on Monday, reaching $73.22. 37,023,861 shares of the company’s stock were exchanged, compared to its average volume of 112,746,094. iShares Silver Trust has a twelve month low of $26.57 and a twelve month high of $109.83. The stock has a market cap of $40.31 billion, a PE ratio of -8.51 and a beta of 0.38. The stock’s fifty day moving average price is $78.74 and its 200-day moving average price is $58.75.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Vantage Financial Partners LLC purchased a new stake in shares of iShares Silver Trust in the 3rd quarter valued at approximately $489,000. Wealth Enhancement Advisory Services LLC raised its position in shares of iShares Silver Trust by 14.6% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 242,573 shares of the exchange traded fund’s stock valued at $10,525,000 after buying an additional 30,915 shares during the period. D.B. Root & Company LLC acquired a new position in iShares Silver Trust in the third quarter valued at approximately $370,000. Envestnet Asset Management Inc. lifted its holdings in iShares Silver Trust by 20.0% in the third quarter. Envestnet Asset Management Inc. now owns 1,646,056 shares of the exchange traded fund’s stock valued at $69,743,000 after acquiring an additional 273,913 shares during the last quarter. Finally, Adamsbrown Wealth Consultants LLC purchased a new position in iShares Silver Trust in the third quarter worth approximately $235,000.

About iShares Silver Trust

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. The activities of the Trust are limited to issuing baskets of shares in exchange for the silver deposited with the custodian as consideration, selling silver as necessary to cover the sponsor’s fee, Trust expenses not assumed by the sponsor and other liabilities, and delivering silver in exchange for baskets of shares surrendered for redemption.