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

iShares Silver Trust (NYSEARCA:SLV) saw some unusual options trading on Friday. Investors purchased 886,190 call options on the company. This is an increase of approximately 162% compared to the typical daily volume of 337,944 call options.

Hedge Funds Weigh In On iShares Silver Trust

Several institutional investors have recently bought and sold shares of SLV. AlphaMark Advisors LLC increased its position in shares of iShares Silver Trust by 57.2% during the second quarter. AlphaMark Advisors LLC now owns 1,022 shares of the exchange traded fund’s stock worth $27,000 after acquiring an additional 372 shares during the period. Triad Wealth Partners LLC acquired a new position in iShares Silver Trust during the 2nd quarter worth $29,000. Jamison Private Wealth Management Inc. purchased a new stake in iShares Silver Trust during the 3rd quarter worth about $31,000. Strategic Financial Concepts LLC acquired a new stake in iShares Silver Trust in the 2nd quarter valued at about $32,000. Finally, Key Client Fiduciary Advisors LLC boosted its stake in shares of iShares Silver Trust by 91.6% in the 3rd quarter. Key Client Fiduciary Advisors LLC now owns 5,187 shares of the exchange traded fund’s stock valued at $33,000 after buying an additional 2,480 shares during the period.

iShares Silver Trust Trading Up 6.1 %

Shares of NYSEARCA SLV opened at $30.64 on Friday. The stock has a fifty day simple moving average of $27.52 and a 200-day simple moving average of $26.87. iShares Silver Trust has a twelve month low of $20.07 and a twelve month high of $30.72. The stock has a market capitalization of $14.38 billion, a PE ratio of -7.01 and a beta of 0.43.

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.