Short Interest in iShares Silver Trust (NYSEARCA:SLV) Declines By 18.2%

iShares Silver Trust (NYSEARCA:SLV) saw a significant decrease in short interest in the month of February. As of February 27th, there was short interest totaling 37,449,254 shares, a decrease of 18.2% from the February 12th total of 45,791,088 shares. Based on an average daily trading volume, of 68,804,852 shares, the short-interest ratio is presently 0.5 days. Approximately 6.8% of the company’s stock are short sold. Approximately 6.8% of the company’s stock are short sold. Based on an average daily trading volume, of 68,804,852 shares, the short-interest ratio is presently 0.5 days.

iShares Silver Trust Stock Performance

SLV stock opened at $72.69 on Friday. The firm has a market cap of $40.02 billion, a P/E ratio of -8.51 and a beta of 0.38. iShares Silver Trust has a 1 year low of $26.57 and a 1 year high of $109.83. The stock has a 50-day simple moving average of $78.65 and a 200-day simple moving average of $58.32.

Institutional Trading of iShares Silver Trust

Several large investors have recently bought and sold shares of SLV. Brighton Jones LLC lifted its position in shares of iShares Silver Trust by 9.2% during the fourth quarter. Brighton Jones LLC now owns 18,858 shares of the exchange traded fund’s stock worth $497,000 after purchasing an additional 1,595 shares in the last quarter. Bison Wealth LLC acquired a new stake in iShares Silver Trust during the 4th quarter valued at $238,000. Capstone Wealth Management Group LLC purchased a new stake in iShares Silver Trust during the 1st quarter worth $443,000. Schnieders Capital Management LLC. increased its stake in iShares Silver Trust by 15.0% during the 2nd quarter. Schnieders Capital Management LLC. now owns 9,975 shares of the exchange traded fund’s stock worth $327,000 after buying an additional 1,300 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in iShares Silver Trust by 54.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 701,734 shares of the exchange traded fund’s stock worth $23,024,000 after buying an additional 246,115 shares in 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. 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.