Stock Traders Buy Large Volume of Call Options on iShares Silver Trust (NYSEARCA:SLV)

iShares Silver Trust (NYSEARCA:SLV) was the recipient of some unusual options trading activity on Tuesday. Traders acquired 541,690 call options on the stock. This represents an increase of approximately 97% compared to the typical daily volume of 274,709 call options.

Hedge Funds Weigh In On iShares Silver Trust

A number of large investors have recently added to or reduced their stakes in the business. City State Bank raised its position in iShares Silver Trust by 9.7% in the 4th quarter. City State Bank now owns 5,680 shares of the exchange traded fund’s stock worth $124,000 after purchasing an additional 500 shares during the period. Grant GrossMendelsohn LLC grew its holdings in iShares Silver Trust by 4.4% in the 4th quarter. Grant GrossMendelsohn LLC now owns 12,100 shares of the exchange traded fund’s stock worth $252,000 after acquiring an additional 505 shares during the last quarter. Van Hulzen Asset Management LLC grew its holdings in iShares Silver Trust by 1.5% in the 4th quarter. Van Hulzen Asset Management LLC now owns 37,776 shares of the exchange traded fund’s stock worth $823,000 after acquiring an additional 570 shares during the last quarter. Private Trust Co. NA grew its holdings in iShares Silver Trust by 17.9% in the 4th quarter. Private Trust Co. NA now owns 3,893 shares of the exchange traded fund’s stock worth $85,000 after acquiring an additional 591 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its stake in shares of iShares Silver Trust by 6.1% during the 1st quarter. International Assets Investment Management LLC now owns 11,528 shares of the exchange traded fund’s stock valued at $264,000 after purchasing an additional 659 shares in the last quarter.

iShares Silver Trust Stock Performance

iShares Silver Trust stock opened at $24.99 on Wednesday. The firm’s fifty day moving average price is $23.02 and its 200-day moving average price is $21.88. The stock has a market cap of $11.86 billion, a P/E ratio of -7.62 and a beta of 0.46. iShares Silver Trust has a fifty-two week low of $18.97 and a fifty-two week high of $27.24.

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.