iShares Silver Trust Sees Unusually High Options Volume (NYSEARCA:SLV)

iShares Silver Trust (NYSEARCA:SLV) saw unusually large options trading activity on Friday. Traders bought 462,520 call options on the company. This is an increase of approximately 39% compared to the average volume of 333,005 call options.

iShares Silver Trust Stock Performance

Shares of iShares Silver Trust stock opened at $29.36 on Friday. The stock has a market capitalization of $13.78 billion, a P/E ratio of -7.01 and a beta of 0.43. iShares Silver Trust has a 52-week low of $18.98 and a 52-week high of $30.07. The stock’s 50-day simple moving average is $26.84 and its 200 day simple moving average is $26.43.

Institutional Trading of iShares Silver Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in SLV. Peoples Bank KS grew its stake in iShares Silver Trust by 334.5% during the third quarter. Peoples Bank KS now owns 1,260 shares of the exchange traded fund’s stock valued at $36,000 after acquiring an additional 970 shares in the last quarter. HBW Advisory Services LLC boosted its holdings in iShares Silver Trust by 4.9% in the 3rd quarter. HBW Advisory Services LLC now owns 15,707 shares of the exchange traded fund’s stock valued at $446,000 after purchasing an additional 728 shares during the period. Park Avenue Securities LLC boosted its holdings in iShares Silver Trust by 30.3% in the 3rd quarter. Park Avenue Securities LLC now owns 41,589 shares of the exchange traded fund’s stock valued at $1,182,000 after purchasing an additional 9,680 shares during the period. First Community Trust NA purchased a new position in shares of iShares Silver Trust during the 3rd quarter valued at $54,000. Finally, Alternative Investment Advisors LLC. bought a new position in shares of iShares Silver Trust in the second quarter worth $244,000.

iShares Silver Trust Company Profile

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.