ETRACS Silver Shares Covered Call ETN (NASDAQ:SLVO) Stock Pass Below 50-Day Moving Average – What’s Next?

ETRACS Silver Shares Covered Call ETN (NASDAQ:SLVO)’s stock price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $100.49 and traded as low as $90.00. ETRACS Silver Shares Covered Call ETN shares last traded at $90.17, with a volume of 212,594 shares changing hands.

ETRACS Silver Shares Covered Call ETN Stock Performance

The stock has a 50 day simple moving average of $100.49 and a two-hundred day simple moving average of $92.82.

ETRACS Silver Shares Covered Call ETN Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, January 26th. Investors of record on Wednesday, January 21st were given a dividend of $5.7891 per share. The ex-dividend date was Wednesday, January 21st. This is an increase from ETRACS Silver Shares Covered Call ETN’s previous monthly dividend of $2.69. This represents a c) annualized dividend and a yield of 77.0%.

Institutional Trading of ETRACS Silver Shares Covered Call ETN

An institutional investor recently bought a new position in ETRACS Silver Shares Covered Call ETN stock. Claris Financial LLC acquired a new stake in ETRACS Silver Shares Covered Call ETN (NASDAQ:SLVO) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 19,530 shares of the company’s stock, valued at approximately $1,564,000. ETRACS Silver Shares Covered Call ETN comprises about 1.2% of Claris Financial LLC’s portfolio, making the stock its 19th largest position. Claris Financial LLC owned 0.85% of ETRACS Silver Shares Covered Call ETN at the end of the most recent reporting period.

ETRACS Silver Shares Covered Call ETN (NASDAQ: SLVO) is an exchange-traded note listed in the United States that provides investors with a packaged exposure to silver coupled with an options overlay. The product is structured to deliver returns that reflect the performance of a long position in shares representing physical silver together with the income and payoff profile generated by a covered call strategy. As an ETN, SLVO is an unsecured debt instrument whose economic return is tied to the referenced strategy rather than to ownership of a separate pool of assets.

The covered call component typically involves selling call options against the underlying silver shares to collect option premium, which can produce regular income and reduce short‑term volatility, while also capping upside participation when the underlying rises above option strike prices.