Aberdeen Standard Physical Silver Shares ETF (NYSEARCA:SIVR) Sees Strong Trading Volume – Here’s Why

Shares of Aberdeen Standard Physical Silver Shares ETF (NYSEARCA:SIVR) saw unusually-strong trading volume on Monday . Approximately 902,130 shares were traded during mid-day trading, an increase of 80% from the previous session’s volume of 502,469 shares.The stock last traded at $29.96 and had previously closed at $29.86.

Aberdeen Standard Physical Silver Shares ETF Stock Performance

The stock’s 50-day moving average price is $28.94 and its 200 day moving average price is $28.98.

Institutional Trading of Aberdeen Standard Physical Silver Shares ETF

A number of hedge funds have recently added to or reduced their stakes in SIVR. Systelligence LLC lifted its position in shares of Aberdeen Standard Physical Silver Shares ETF by 3.4% in the 4th quarter. Systelligence LLC now owns 309,471 shares of the company’s stock worth $8,532,000 after purchasing an additional 10,092 shares during the period. Strategic Financial Concepts LLC purchased a new stake in Aberdeen Standard Physical Silver Shares ETF during the fourth quarter worth $208,000. Blue Trust Inc. lifted its holdings in Aberdeen Standard Physical Silver Shares ETF by 16.9% during the fourth quarter. Blue Trust Inc. now owns 11,180 shares of the company’s stock worth $308,000 after buying an additional 1,613 shares during the period. Vicus Capital increased its holdings in shares of Aberdeen Standard Physical Silver Shares ETF by 5.9% in the 4th quarter. Vicus Capital now owns 10,688 shares of the company’s stock valued at $295,000 after acquiring an additional 595 shares during the period. Finally, Capital Wealth Alliance LLC raised its position in shares of Aberdeen Standard Physical Silver Shares ETF by 6.4% in the 4th quarter. Capital Wealth Alliance LLC now owns 7,457 shares of the company’s stock worth $206,000 after acquiring an additional 446 shares in the last quarter.

Aberdeen Standard Physical Silver Shares ETF Company Profile

ETFS Silver Trust (the Trust) is formed to own silver transferred to the Trust in exchange for shares issued by the Trust. The investment objective of the Trust is for the Shares to reflect the performance of the price of silver bullion, less the expenses of the Trust’s operations. ETFS Physical Silver Shares (the Shares) are issued by ETFS Silver Trust.