Stock Traders Purchase High Volume of iShares Silver Trust Call Options (NYSEARCA:SLV)

iShares Silver Trust (NYSEARCA:SLV) was the recipient of some unusual options trading activity on Tuesday. Investors purchased 541,690 call options on the stock. This is an increase of 97% compared to the average daily volume of 274,709 call options.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Pineridge Advisors LLC bought a new position in shares of iShares Silver Trust in the fourth quarter worth approximately $22,687,000. Yong Rong HK Asset Management Ltd bought a new stake in iShares Silver Trust in the 4th quarter worth about $10,890,000. Bleakley Financial Group LLC lifted its position in shares of iShares Silver Trust by 27.5% during the 4th quarter. Bleakley Financial Group LLC now owns 1,845,900 shares of the exchange traded fund’s stock valued at $40,204,000 after buying an additional 397,836 shares in the last quarter. Simplicity Solutions LLC lifted its holdings in shares of iShares Silver Trust by 26.2% in the 4th quarter. Simplicity Solutions LLC now owns 1,845,900 shares of the exchange traded fund’s stock worth $40,204,000 after buying an additional 383,336 shares during the period. Finally, Commonwealth Equity Services LLC raised its stake in iShares Silver Trust by 27.3% in the fourth quarter. Commonwealth Equity Services LLC now owns 1,601,570 shares of the exchange traded fund’s stock valued at $34,882,000 after buying an additional 343,004 shares during the last quarter.

iShares Silver Trust Stock Up 0.1 %

Shares of SLV traded up $0.03 during trading hours on Tuesday, hitting $24.96. The company had a trading volume of 29,912,201 shares, compared to its average volume of 23,782,088. The firm has a market cap of $11.84 billion, a price-to-earnings ratio of -7.62 and a beta of 0.46. The business has a fifty day moving average of $22.93 and a 200-day moving average of $21.84. iShares Silver Trust has a 12 month low of $18.97 and a 12 month high of $27.24.

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.