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

iShares Silver Trust (NYSEARCA:SLV) was the recipient of some unusual options trading activity on Thursday. Investors bought 517,697 call options on the company. This is an increase of 55% compared to the average volume of 334,982 call options.

iShares Silver Trust Trading Down 6.1 %

SLV stock traded down $1.87 during midday trading on Thursday, reaching $28.89. The company had a trading volume of 45,714,984 shares, compared to its average volume of 20,510,611. The company has a 50 day moving average of $29.53 and a two-hundred day moving average of $28.75. The company has a market capitalization of $14.23 billion, a P/E ratio of -8.96 and a beta of 0.59. iShares Silver Trust has a 1 year low of $23.87 and a 1 year high of $31.80.

Institutional Trading of iShares Silver Trust

Several hedge funds and other institutional investors have recently modified their holdings of SLV. Bank of New York Mellon Corp raised its stake in shares of iShares Silver Trust by 29.8% during the 4th quarter. Bank of New York Mellon Corp now owns 760,146 shares of the exchange traded fund’s stock worth $20,015,000 after purchasing an additional 174,501 shares in the last quarter. Fisher Asset Management LLC acquired a new stake in iShares Silver Trust in the fourth quarter valued at approximately $220,000. Schaper Benz & Wise Investment Counsel Inc. WI grew its position in iShares Silver Trust by 55.8% in the fourth quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 16,163 shares of the exchange traded fund’s stock worth $426,000 after acquiring an additional 5,790 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in shares of iShares Silver Trust by 15.0% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 26,493 shares of the exchange traded fund’s stock worth $698,000 after purchasing an additional 3,459 shares during the last quarter. Finally, Savant Capital LLC raised its holdings in shares of iShares Silver Trust by 26.8% during the 4th quarter. Savant Capital LLC now owns 13,245 shares of the exchange traded fund’s stock valued at $349,000 after purchasing an additional 2,803 shares in the last quarter.

About iShares Silver Trust

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.