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

iShares Silver Trust (NYSEARCA:SLV – Get Rating) was the target of some unusual options trading on Monday. Stock investors acquired 253,208 call options on the stock. This represents an increase of 33% compared to the average volume of 190,365 call options.

Hedge Funds Weigh In On iShares Silver Trust

Large investors have recently bought and sold shares of the stock. Blair William & Co. IL increased its position in shares of iShares Silver Trust by 8.2% during the 1st quarter. Blair William & Co. IL now owns 105,435 shares of the exchange traded fund’s stock valued at $2,412,000 after purchasing an additional 7,980 shares during the last quarter. Baird Financial Group Inc. increased its position in shares of iShares Silver Trust by 14.8% during the 1st quarter. Baird Financial Group Inc. now owns 1,095,156 shares of the exchange traded fund’s stock valued at $25,057,000 after purchasing an additional 140,797 shares during the last quarter. Covestor Ltd purchased a new stake in shares of iShares Silver Trust during the 1st quarter valued at $28,000. Merit Financial Group LLC increased its position in shares of iShares Silver Trust by 24.5% during the 1st quarter. Merit Financial Group LLC now owns 20,346 shares of the exchange traded fund’s stock valued at $466,000 after purchasing an additional 4,000 shares during the last quarter. Finally, NewEdge Advisors LLC increased its position in shares of iShares Silver Trust by 141.6% during the 1st quarter. NewEdge Advisors LLC now owns 312,345 shares of the exchange traded fund’s stock valued at $7,147,000 after purchasing an additional 183,084 shares during the last quarter.

iShares Silver Trust Stock Performance

Shares of NYSEARCA:SLV opened at $19.89 on Wednesday. The stock’s fifty day simple moving average is $20.66 and its two-hundred day simple moving average is $19.59. iShares Silver Trust has a 1-year low of $16.19 and a 1-year high of $24.16.

About iShares Silver Trust

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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.