iShares Silver Trust (NYSEARCA:SLV) Short Interest Update

iShares Silver Trust (NYSEARCA:SLVGet Free Report) saw a large decrease in short interest in the month of February. As of February 13th, there was short interest totaling 45,791,088 shares, a decrease of 37.7% from the January 29th total of 73,552,213 shares. Approximately 8.3% of the shares of the company are sold short. Based on an average daily volume of 119,920,142 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 119,920,142 shares, the days-to-cover ratio is presently 0.4 days. Approximately 8.3% of the shares of the company are sold short.

iShares Silver Trust News Summary

Here are the key news stories impacting iShares Silver Trust this week:

iShares Silver Trust Stock Performance

iShares Silver Trust stock opened at $84.99 on Friday. The stock has a 50-day simple moving average of $76.48 and a 200 day simple moving average of $55.24. The stock has a market capitalization of $46.79 billion, a P/E ratio of -8.51 and a beta of 0.38. iShares Silver Trust has a 52 week low of $26.57 and a 52 week high of $109.83.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SLV. Sarver Vrooman Wealth Advisors bought a new position in iShares Silver Trust during the fourth quarter worth $30,000. Intesa Sanpaolo Wealth Management bought a new stake in shares of iShares Silver Trust during the 4th quarter worth about $32,000. Sfam LLC acquired a new position in iShares Silver Trust in the 4th quarter valued at about $33,000. Rialto Wealth Management LLC bought a new position in iShares Silver Trust in the 4th quarter valued at about $33,000. Finally, Redwood Park Advisors LLC raised its holdings in iShares Silver Trust by 106.4% in the 4th quarter. Redwood Park Advisors LLC now owns 516 shares of the exchange traded fund’s stock valued at $33,000 after acquiring an additional 266 shares during the period.

iShares Silver Trust Company Profile

(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. The activities of the Trust are limited to issuing baskets of shares in exchange for the silver deposited with the custodian as consideration, selling silver as necessary to cover the sponsor’s fee, Trust expenses not assumed by the sponsor and other liabilities, and delivering silver in exchange for baskets of shares surrendered for redemption.

Further Reading

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