iShares Silver Trust Target of Unusually High Options Trading (NYSEARCA:SLV)

iShares Silver Trust (NYSEARCA:SLV – Get Rating) saw some unusual options trading on Monday. Stock traders purchased 253,208 call options on the stock. This is an increase of approximately 33% compared to the typical volume of 190,365 call options.

Institutional Trading of iShares Silver Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Resurgent Financial Advisors LLC acquired a new stake in iShares Silver Trust during the 4th quarter valued at approximately $26,000. Covestor Ltd bought a new position in shares of iShares Silver Trust during the 1st quarter worth approximately $28,000. Armstrong Advisory Group Inc. bought a new position in shares of iShares Silver Trust during the 4th quarter worth approximately $28,000. LFA Lugano Financial Advisors SA bought a new position in shares of iShares Silver Trust during the 4th quarter worth approximately $29,000. Finally, First National Advisers LLC bought a new position in shares of iShares Silver Trust during the 3rd quarter worth approximately $30,000.

iShares Silver Trust Stock Down 0.5 %

iShares Silver Trust stock opened at $19.89 on Wednesday. The business has a 50 day moving average of $20.66 and a 200-day moving average of $19.59. iShares Silver Trust has a 1 year low of $16.19 and a 1 year high of $24.16.

iShares Silver Trust Company Profile

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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.