iShares Silver Trust (NYSEARCA:SLV – Get Free Report) saw some unusual options trading activity on Wednesday. Stock traders purchased 444,111 call options on the company. This represents an increase of 144% compared to the typical daily volume of 182,022 call options.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. VisionPoint Advisory Group LLC acquired a new position in shares of iShares Silver Trust during the 3rd quarter valued at about $25,000. Resurgent Financial Advisors LLC acquired a new stake in iShares Silver Trust during the 4th quarter worth approximately $26,000. BluePath Capital Management LLC acquired a new stake in iShares Silver Trust during the 3rd quarter worth approximately $26,000. Transcendent Capital Group LLC acquired a new stake in iShares Silver Trust during the 4th quarter worth approximately $26,000. Finally, Covestor Ltd acquired a new stake in iShares Silver Trust during the 1st quarter worth approximately $28,000.
iShares Silver Trust Stock Performance
NYSEARCA:SLV opened at $23.31 on Thursday. The company’s 50-day moving average is $21.24 and its two-hundred day moving average is $21.26. iShares Silver Trust has a 12-month low of $18.97 and a 12-month high of $23.94.
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.
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