Traders Buy High Volume of iShares Silver Trust Call Options (NYSEARCA:SLV)

iShares Silver Trust (NYSEARCA:SLV) saw some unusual options trading activity on Thursday. Stock traders bought 517,697 call options on the stock. This is an increase of approximately 55% compared to the typical daily volume of 334,982 call options.

iShares Silver Trust Stock Down 6.3 %

Shares of NYSEARCA:SLV opened at $27.08 on Friday. The company’s fifty day moving average is $29.54 and its 200 day moving average is $28.74. iShares Silver Trust has a 52 week low of $23.87 and a 52 week high of $31.80. The stock has a market cap of $13.34 billion, a PE ratio of -8.96 and a beta of 0.59.

Institutional Investors Weigh In On iShares Silver Trust

A number of hedge funds and other institutional investors have recently modified their holdings of SLV. FMR LLC grew its holdings in iShares Silver Trust by 46.4% in the 3rd quarter. FMR LLC now owns 16,201 shares of the exchange traded fund’s stock worth $460,000 after acquiring an additional 5,135 shares during the last quarter. Walleye Capital LLC purchased a new stake in shares of iShares Silver Trust during the third quarter worth about $764,000. Rockefeller Capital Management L.P. grew its stake in shares of iShares Silver Trust by 5.7% in the third quarter. Rockefeller Capital Management L.P. now owns 136,521 shares of the exchange traded fund’s stock worth $3,879,000 after purchasing an additional 7,388 shares during the last quarter. Captrust Financial Advisors increased its holdings in iShares Silver Trust by 3.3% during the 3rd quarter. Captrust Financial Advisors now owns 182,354 shares of the exchange traded fund’s stock valued at $5,181,000 after purchasing an additional 5,748 shares during the period. Finally, Integrated Wealth Concepts LLC raised its position in iShares Silver Trust by 1.7% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 88,464 shares of the exchange traded fund’s stock valued at $2,513,000 after purchasing an additional 1,446 shares during the last quarter.

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.