ETRACS Silver Shares Covered Call ETN (NASDAQ:SLVO) Stock Cross Below Fifty Day Moving Average – Here’s What Happened

ETRACS Silver Shares Covered Call ETN (NASDAQ:SLVO)’s share price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $100.49 and traded as low as $90.00. ETRACS Silver Shares Covered Call ETN shares last traded at $90.17, with a volume of 212,594 shares changing hands.

ETRACS Silver Shares Covered Call ETN Price Performance

The stock has a 50 day moving average price of $100.49 and a 200-day moving average price of $92.82.

ETRACS Silver Shares Covered Call ETN Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, January 26th. Stockholders of record on Wednesday, January 21st were paid a $5.7891 dividend. This is an increase from ETRACS Silver Shares Covered Call ETN’s previous monthly dividend of $2.69. This represents a c) annualized dividend and a dividend yield of 77.0%. The ex-dividend date of this dividend was Wednesday, January 21st.

Institutional Trading of ETRACS Silver Shares Covered Call ETN

A hedge fund recently bought a new stake in ETRACS Silver Shares Covered Call ETN stock. Claris Financial LLC bought a new position in ETRACS Silver Shares Covered Call ETN (NASDAQ:SLVO) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm bought 19,530 shares of the company’s stock, valued at approximately $1,564,000. ETRACS Silver Shares Covered Call ETN makes up approximately 1.2% of Claris Financial LLC’s investment portfolio, making the stock its 19th biggest position. Claris Financial LLC owned about 0.85% of ETRACS Silver Shares Covered Call ETN as of its most recent SEC filing.

ETRACS Silver Shares Covered Call ETN (NASDAQ: SLVO) is an exchange-traded note listed in the United States that provides investors with a packaged exposure to silver coupled with an options overlay. The product is structured to deliver returns that reflect the performance of a long position in shares representing physical silver together with the income and payoff profile generated by a covered call strategy. As an ETN, SLVO is an unsecured debt instrument whose economic return is tied to the referenced strategy rather than to ownership of a separate pool of assets.

The covered call component typically involves selling call options against the underlying silver shares to collect option premium, which can produce regular income and reduce short‑term volatility, while also capping upside participation when the underlying rises above option strike prices.