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

iShares Silver Trust (NYSEARCA:SLV) saw some unusual options trading activity on Tuesday. Investors acquired 541,690 call options on the company. This represents an increase of approximately 97% compared to the typical volume of 274,709 call options.

iShares Silver Trust Price Performance

Shares of SLV opened at $24.89 on Thursday. iShares Silver Trust has a 1-year low of $18.97 and a 1-year high of $27.24. The company has a 50-day moving average of $23.02 and a 200 day moving average of $21.88. The firm has a market capitalization of $11.81 billion, a price-to-earnings ratio of -7.62 and a beta of 0.46.

Institutional Investors Weigh In On iShares Silver Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Transcendent Capital Group LLC purchased a new position in iShares Silver Trust during the 4th quarter valued at about $26,000. VisionPoint Advisory Group LLC purchased a new position in iShares Silver Trust during the 3rd quarter valued at about $25,000. BluePath Capital Management LLC purchased a new position in iShares Silver Trust during the 3rd quarter valued at about $26,000. Asset Dedication LLC increased its position in iShares Silver Trust by 180.5% during the 3rd quarter. Asset Dedication LLC now owns 1,442 shares of the exchange traded fund’s stock valued at $29,000 after purchasing an additional 928 shares during the period. Finally, Atlantic Edge Private Wealth Management LLC purchased a new position in iShares Silver Trust during the 4th quarter valued at about $34,000.

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.