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

iShares Silver Trust (NYSEARCA:SLV) saw unusually large options trading on Thursday. Investors acquired 578,346 call options on the stock. Thisisanincreaseofapproximately52% compared to the average daily volume of 379,510 call options.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of SLV. LPL Financial LLC lifted its position in iShares Silver Trust by 13.4% in the first quarter. LPL Financial LLC now owns 7,832,370 shares of the exchange traded fund’s stock valued at $242,725,000 after purchasing an additional 924,353 shares during the last quarter. Kingstone Capital Partners Texas LLC purchased a new position in shares of iShares Silver Trust in the second quarter worth $162,217,000. Toronto Dominion Bank raised its holdings 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 buying an additional 2,037,487 shares during the last quarter. Meitav Investment House Ltd. raised its holdings in iShares Silver Trust by 5.4% during the 2nd quarter. Meitav Investment House Ltd. now owns 2,972,600 shares of the exchange traded fund’s stock valued at $97,589,000 after buying an additional 152,600 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its position in iShares Silver Trust by 127.3% during the 1st quarter. Ameriprise Financial Inc. now owns 2,607,471 shares of the exchange traded fund’s stock valued at $80,514,000 after buying an additional 1,460,084 shares during the period.

iShares Silver Trust Trading Up 0.8%

iShares Silver Trust stock opened at $37.21 on Friday. iShares Silver Trust has a 1-year low of $25.27 and a 1-year high of $37.64. The firm has a market capitalization of $19.98 billion, a PE ratio of -8.51 and a beta of 0.59. The firm’s 50 day simple moving average is $34.66 and its 200 day simple moving average is $31.81.

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.