Traders Purchase Large Volume of Call Options on iShares Silver Trust (NYSEARCA:SLV)
iShares Silver Trust (NYSEARCA:SLV) was the recipient of unusually large options trading on Thursday. Stock investors purchased 39,551 call options on the company. This is an increase of 237% compared to the average volume of 11,742 call options.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Smithfield Trust Co. increased its position in shares of iShares Silver Trust by 26.7% in the second quarter. Smithfield Trust Co. now owns 6,843 shares of the exchange traded fund’s stock worth $108,000 after buying an additional 1,443 shares during the period. Sei Investments Co. increased its stake in iShares Silver Trust by 16.2% in the second quarter. Sei Investments Co. now owns 9,753 shares of the exchange traded fund’s stock valued at $154,000 after buying an additional 1,362 shares during the period. Brighton Jones LLC bought a new stake in iShares Silver Trust during the second quarter valued at about $164,000. Advisory Alpha LLC increased its stake in iShares Silver Trust by 58.5% in the second quarter. Advisory Alpha LLC now owns 10,943 shares of the exchange traded fund’s stock valued at $180,000 after buying an additional 4,039 shares during the period. Finally, Nations Financial Group Inc. IA ADV increased its stake in iShares Silver Trust by 2.9% in the second quarter. Nations Financial Group Inc. IA ADV now owns 12,364 shares of the exchange traded fund’s stock valued at $194,000 after buying an additional 350 shares during the period.
Shares of iShares Silver Trust (NYSEARCA SLV) opened at 16.17 on Friday. The firm has a 50-day moving average price of $15.51 and a 200-day moving average price of $16.27. iShares Silver Trust has a 52 week low of $14.44 and a 52 week high of $19.12.
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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.
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