Short Interest in iShares Silver Trust (SLV) Drops By 35.7%

iShares Silver Trust (NYSEARCA:SLV) was the recipient of a large decline in short interest in November. As of November 30th, there was short interest totalling 12,918,811 shares, a decline of 35.7% from the November 15th total of 20,093,539 shares. Based on an average trading volume of 7,842,541 shares, the short-interest ratio is currently 1.6 days.

A number of institutional investors have recently made changes to their positions in SLV. Sei Investments Co. raised its stake in iShares Silver Trust by 16.2% during the 2nd quarter. Sei Investments Co. now owns 9,753 shares of the exchange traded fund’s stock valued at $154,000 after acquiring an additional 1,362 shares in the last quarter. SG Americas Securities LLC increased its position in shares of iShares Silver Trust by 9.0% during the 2nd quarter. SG Americas Securities LLC now owns 126,145 shares of the exchange traded fund’s stock valued at $1,982,000 after purchasing an additional 10,451 shares during the period. Bank of New York Mellon Corp increased its position in shares of iShares Silver Trust by 1.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 21,615 shares of the exchange traded fund’s stock valued at $340,000 after purchasing an additional 384 shares during the period. Comerica Bank increased its position in shares of iShares Silver Trust by 11.3% during the 2nd quarter. Comerica Bank now owns 67,369 shares of the exchange traded fund’s stock valued at $1,050,000 after purchasing an additional 6,837 shares during the period. Finally, BB&T Securities LLC acquired a new position in shares of iShares Silver Trust during the 2nd quarter valued at $257,000.

Shares of iShares Silver Trust (NYSEARCA:SLV) opened at $15.15 on Monday. iShares Silver Trust has a 12 month low of $14.44 and a 12 month high of $17.59.

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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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