Investors Purchase Large Volume of iShares Silver Trust Call Options (NYSEARCA:SLV)

iShares Silver Trust (NYSEARCA:SLV) was the recipient of some unusual options trading on Friday. Traders bought 455,002 call options on the company. This represents an increase of 38% compared to the typical daily volume of 329,413 call options.

Institutional Investors Weigh In On iShares Silver Trust

Institutional investors have recently bought and sold shares of the company. NWI Management LP boosted its holdings in shares of iShares Silver Trust by 10,526.6% during the 1st quarter. NWI Management LP now owns 5,313,305 shares of the exchange traded fund’s stock worth $120,878,000 after purchasing an additional 5,263,305 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of iShares Silver Trust by 16.2% during the 2nd quarter. Commonwealth Equity Services LLC now owns 1,845,780 shares of the exchange traded fund’s stock worth $49,042,000 after purchasing an additional 257,022 shares during the last quarter. Meitav Investment House Ltd. acquired a new position in shares of iShares Silver Trust during the 2nd quarter worth approximately $45,688,000. SG Americas Securities LLC boosted its holdings in shares of iShares Silver Trust by 32.3% during the 1st quarter. SG Americas Securities LLC now owns 1,574,171 shares of the exchange traded fund’s stock worth $35,812,000 after purchasing an additional 384,056 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings in shares of iShares Silver Trust by 17.8% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 1,352,014 shares of the exchange traded fund’s stock worth $35,923,000 after purchasing an additional 204,606 shares during the last quarter.

iShares Silver Trust Trading Up 2.8 %

SLV stock opened at $28.02 on Friday. iShares Silver Trust has a 12-month low of $18.97 and a 12-month high of $29.56. The stock has a market cap of $13.15 billion, a price-to-earnings ratio of -7.01 and a beta of 0.43. The business’s 50-day moving average is $26.46 and its 200 day moving average is $25.74.

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.