Investors Purchase Large Volume of iShares Silver Trust Call Options (NYSEARCA:SLV)

iShares Silver Trust (NYSEARCA:SLV) was the target of some unusual options trading activity on Thursday. Traders bought 447,116 call options on the company. This represents an increase of approximately 39% compared to the average volume of 320,918 call options.

Hedge Funds Weigh In On iShares Silver Trust

Large investors have recently made changes to their positions in the business. Toronto Dominion Bank grew its position in iShares Silver Trust by 89.2% in the fourth quarter. Toronto Dominion Bank now owns 4,321,293 shares of the exchange traded fund’s stock worth $122,646,000 after buying an additional 2,037,487 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in shares of iShares Silver Trust during the third quarter worth $91,122,000. Raymond James Financial Inc. acquired a new stake in shares of iShares Silver Trust during the fourth quarter worth $57,303,000. Proficio Capital Partners LLC lifted its holdings in shares of iShares Silver Trust by 715.2% during the fourth quarter. Proficio Capital Partners LLC now owns 2,118,545 shares of the exchange traded fund’s stock valued at $55,781,000 after purchasing an additional 1,858,658 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its position in shares of iShares Silver Trust by 3.4% in the 4th quarter. Commonwealth Equity Services LLC now owns 1,939,706 shares of the exchange traded fund’s stock valued at $51,072,000 after purchasing an additional 63,810 shares during the period.

iShares Silver Trust Stock Down 0.1 %

Shares of iShares Silver Trust stock opened at $30.71 on Friday. The business has a fifty day simple moving average of $28.65 and a 200-day simple moving average of $28.32. iShares Silver Trust has a fifty-two week low of $22.29 and a fifty-two week high of $31.80. The firm has a market cap of $14.66 billion, a price-to-earnings ratio of -8.33 and a beta of 0.74.

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.