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

iShares Silver Trust (NYSEARCA:SLV) was the target of some unusual options trading activity on Thursday. Stock traders acquired 517,697 call options on the stock. This represents an increase of approximately 55% compared to the average volume of 334,982 call options.

iShares Silver Trust Trading Down 6.3 %

Shares of NYSEARCA SLV opened at $27.08 on Friday. The firm has a fifty day simple moving average of $29.54 and a two-hundred day simple moving average of $28.74. iShares Silver Trust has a 12 month low of $23.87 and a 12 month high of $31.80. The firm has a market capitalization of $13.34 billion, a PE ratio of -8.96 and a beta of 0.59.

Institutional Investors Weigh In On iShares Silver Trust

Hedge funds have recently bought and sold shares of the business. Quadrature Capital Ltd bought a new stake in iShares Silver Trust in the third quarter worth $91,122,000. Raymond James Financial Inc. bought a new position in iShares Silver Trust in the 4th quarter worth about $57,303,000. Toronto Dominion Bank grew its position in iShares Silver Trust by 89.2% during the 4th quarter. Toronto Dominion Bank now owns 4,321,293 shares of the exchange traded fund’s stock valued at $122,646,000 after purchasing an additional 2,037,487 shares during the last quarter. Proficio Capital Partners LLC grew its position in iShares Silver Trust by 715.2% during the 4th quarter. Proficio Capital Partners LLC now owns 2,118,545 shares of the exchange traded fund’s stock valued at $55,781,000 after purchasing an additional 1,858,658 shares during the last quarter. Finally, Bank of Nova Scotia increased its stake in iShares Silver Trust by 560.6% during the 4th quarter. Bank of Nova Scotia now owns 1,180,797 shares of the exchange traded fund’s stock valued at $31,090,000 after purchasing an additional 1,002,050 shares in the last quarter.

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.