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.

COPYRIGHT VIOLATION NOTICE: This report was originally published by American Banking News and is the sole property of of American Banking News. If you are reading this report on another website, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright legislation. The legal version of this report can be read at https://www.americanbankingnews.com/2017/08/13/traders-purchase-large-volume-of-call-options-on-ishares-silver-trust-nysearcaslv.html.

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.

Receive News & Ratings for iShares Silver Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Silver Trust and related companies with MarketBeat.com's FREE daily email newsletter.