Investors Buy High Volume of Call Options on iShares Silver Trust (NYSEARCA:SLV)

iShares Silver Trust (NYSEARCA:SLV) saw unusually large options trading on Monday. Stock investors purchased 846,566 call options on the company. This represents an increase of approximately 34% compared to the average volume of 631,950 call options.

iShares Silver Trust Trading Up 1.2%

Shares of SLV opened at $53.13 on Wednesday. The company has a market cap of $28.62 billion, a PE ratio of -8.51 and a beta of 0.38. The stock has a 50-day moving average price of $45.30 and a 200-day moving average price of $38.14. iShares Silver Trust has a 12-month low of $26.19 and a 12-month high of $53.36.

Institutional Investors Weigh In On iShares Silver Trust

Hedge funds have recently bought and sold shares of the stock. United Capital Management of KS Inc. raised its position in shares of iShares Silver Trust by 3.3% during the 3rd quarter. United Capital Management of KS Inc. now owns 6,999 shares of the exchange traded fund’s stock valued at $297,000 after buying an additional 221 shares in the last quarter. JT Stratford LLC increased its stake in iShares Silver Trust by 2.7% in the third quarter. JT Stratford LLC now owns 8,429 shares of the exchange traded fund’s stock valued at $357,000 after acquiring an additional 225 shares during the last quarter. Redhawk Wealth Advisors Inc. raised its position in iShares Silver Trust by 2.1% during the third quarter. Redhawk Wealth Advisors Inc. now owns 11,819 shares of the exchange traded fund’s stock valued at $501,000 after purchasing an additional 239 shares in the last quarter. Swisher Financial Concepts Inc. lifted its stake in iShares Silver Trust by 1.4% during the third quarter. Swisher Financial Concepts Inc. now owns 17,205 shares of the exchange traded fund’s stock worth $729,000 after purchasing an additional 240 shares during the last quarter. Finally, Nexus Investment Management ULC lifted its stake in iShares Silver Trust by 50.0% during the third quarter. Nexus Investment Management ULC now owns 750 shares of the exchange traded fund’s stock worth $32,000 after purchasing an additional 250 shares during the last quarter.

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.