iShares Silver Trust Sees Unusually Large Options Volume (NYSEARCA:SLV)

iShares Silver Trust (NYSEARCA:SLV) was the recipient of unusually large options trading on Monday. Traders purchased 599,279 call options on the stock. This is an increase of approximately 58% compared to the average volume of 379,766 call options.

Institutional Investors Weigh In On iShares Silver Trust

Large investors have recently added to or reduced their stakes in the business. Smallwood Wealth Investment Management LLC acquired a new position in shares of iShares Silver Trust during the first quarter worth about $25,000. McClarren Financial Advisors Inc. grew its holdings in iShares Silver Trust by 3,471.4% during the 4th quarter. McClarren Financial Advisors Inc. now owns 1,000 shares of the exchange traded fund’s stock worth $26,000 after acquiring an additional 972 shares in the last quarter. Anderson Financial Strategies LLC purchased a new stake in shares of iShares Silver Trust in the 4th quarter valued at approximately $26,000. Stonebridge Financial Group LLC acquired a new stake in shares of iShares Silver Trust in the 4th quarter valued at $29,000. Finally, Ameriflex Group Inc. acquired a new stake in shares of iShares Silver Trust in the 4th quarter valued at $30,000.

iShares Silver Trust Stock Performance

Shares of SLV opened at $31.44 on Wednesday. The stock has a market capitalization of $15.90 billion, a PE ratio of -8.51 and a beta of 0.56. iShares Silver Trust has a 1 year low of $24.25 and a 1 year high of $31.80. The company’s 50-day simple moving average is $29.63 and its 200-day simple moving average is $28.90.

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.