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

iShares Silver Trust (NYSEARCA:SLVGet Free Report) was the target of some unusual options trading on Monday. Investors bought 465,180 call options on the stock. This is an increase of approximately 30% compared to the typical volume of 356,822 call options.

Institutional Investors Weigh In On iShares Silver Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Pathway Financial Advisers LLC acquired a new position in shares of iShares Silver Trust during the first quarter worth approximately $115,000. Verity Asset Management Inc. acquired a new position in shares of iShares Silver Trust during the first quarter worth approximately $782,000. Cetera Advisor Networks LLC lifted its holdings in shares of iShares Silver Trust by 5.7% during the first quarter. Cetera Advisor Networks LLC now owns 646,741 shares of the exchange traded fund’s stock worth $14,713,000 after buying an additional 34,721 shares during the last quarter. Cetera Advisors LLC lifted its holdings in shares of iShares Silver Trust by 12.9% during the first quarter. Cetera Advisors LLC now owns 103,554 shares of the exchange traded fund’s stock worth $2,356,000 after buying an additional 11,852 shares during the last quarter. Finally, Cetera Investment Advisers lifted its holdings in shares of iShares Silver Trust by 842.7% during the first quarter. Cetera Investment Advisers now owns 816,761 shares of the exchange traded fund’s stock worth $18,581,000 after buying an additional 730,121 shares during the last quarter.

iShares Silver Trust Stock Performance

SLV opened at $26.67 on Monday. The business has a 50 day moving average price of $26.18 and a 200 day moving average price of $23.20. iShares Silver Trust has a twelve month low of $18.97 and a twelve month high of $29.56. The firm has a market cap of $12.52 billion, a P/E ratio of -7.01 and a beta of 0.43.

About iShares Silver Trust

(Get Free Report)

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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