iShares Silver Trust Target of Unusually High Options Trading (NYSEARCA:SLV)

iShares Silver Trust (NYSEARCA:SLV) was the recipient of unusually large options trading on Tuesday. Traders acquired 460,011 call options on the stock. This is an increase of 27% compared to the typical volume of 362,465 call options.

Institutional Trading of iShares Silver Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ironwood Wealth Management LLC. bought a new stake in iShares Silver Trust during the 2nd quarter worth approximately $202,000. Sanctuary Advisors LLC bought a new stake in iShares Silver Trust during the 2nd quarter worth approximately $1,660,000. Park Avenue Securities LLC boosted its stake in shares of iShares Silver Trust by 30.3% in the 3rd quarter. Park Avenue Securities LLC now owns 41,589 shares of the exchange traded fund’s stock worth $1,182,000 after buying an additional 9,680 shares during the last quarter. Alpha Financial Partners LLC boosted its stake in shares of iShares Silver Trust by 237.9% in the 3rd quarter. Alpha Financial Partners LLC now owns 33,184 shares of the exchange traded fund’s stock worth $943,000 after buying an additional 23,364 shares during the last quarter. Finally, Lakeridge Wealth Management LLC purchased a new position in shares of iShares Silver Trust in the 3rd quarter worth approximately $206,000.

iShares Silver Trust Stock Performance

Shares of SLV stock traded up $0.79 during mid-day trading on Tuesday, hitting $29.46. The company’s stock had a trading volume of 32,349,870 shares, compared to its average volume of 20,273,266. iShares Silver Trust has a 52 week low of $20.11 and a 52 week high of $31.80. The company has a market cap of $13.82 billion, a PE ratio of -7.01 and a beta of 0.43. The company’s fifty day simple moving average is $27.64 and its 200-day simple moving average is $27.67.

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.