Traders Buy High Volume of Dolly Varden Silver Put Options (NYSEAMERICAN:DVS)

Dolly Varden Silver Corp (NYSEAMERICAN:DVS) was the recipient of unusually large options trading activity on Thursday. Stock traders acquired 2,827 put options on the company. This represents an increase of 198% compared to the typical daily volume of 949 put options.

Institutional Investors Weigh In On Dolly Varden Silver

A number of hedge funds and other institutional investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company acquired a new position in shares of Dolly Varden Silver during the fourth quarter worth $1,347,000. Marshall Wace LLP raised its stake in Dolly Varden Silver by 76.0% in the fourth quarter. Marshall Wace LLP now owns 217,912 shares of the company’s stock valued at $961,000 after buying an additional 94,109 shares in the last quarter. Millennium Management LLC lifted its holdings in Dolly Varden Silver by 56.2% during the 4th quarter. Millennium Management LLC now owns 115,256 shares of the company’s stock worth $508,000 after buying an additional 41,446 shares during the last quarter. Auxano Advisors LLC purchased a new stake in Dolly Varden Silver during the 4th quarter worth about $485,000. Finally, HighTower Advisors LLC acquired a new position in shares of Dolly Varden Silver during the 4th quarter worth about $268,000.

Dolly Varden Silver Trading Down 9.0%

Shares of NYSEAMERICAN:DVS opened at $2.95 on Friday. Dolly Varden Silver has a fifty-two week low of $2.30 and a fifty-two week high of $5.93. The company has a 50 day moving average price of $4.62. The firm has a market capitalization of $271.13 million and a PE ratio of -9.22.

Dolly Varden Silver Company Profile

Dolly Varden Silver is a Canadian mineral exploration and development company focused on the discovery, definition and advancement of silver- and gold-bearing projects in northwestern British Columbia. The company targets high-grade epithermal-style silver mineralization commonly associated with significant gold credits and concentrates its exploration activities in the prolific Golden Triangle region, where multiple world-class mineral deposits and active exploration projects are located.

The company’s flagship asset is the Kitsault Valley project, which comprises the Dolly Varden and Torbrit deposits along with numerous additional exploration targets.