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

iShares Silver Trust (NYSEARCA:SLV) was the recipient of unusually large options trading activity on Tuesday. Traders purchased 460,011 call options on the stock. This is an increase of approximately 27% compared to the typical volume of 362,465 call options.

iShares Silver Trust Stock Up 1.9 %

NYSEARCA:SLV opened at $29.22 on Wednesday. The firm has a market cap of $13.71 billion, a PE ratio of -7.01 and a beta of 0.43. The company’s 50-day moving average price is $27.67 and its two-hundred day moving average price is $27.69. iShares Silver Trust has a 12 month low of $20.11 and a 12 month high of $31.80.

Hedge Funds Weigh In On iShares Silver Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SLV. Eagle Bay Advisors LLC bought a new stake in shares of iShares Silver Trust in the 4th quarter valued at $25,000. Key Client Fiduciary Advisors LLC grew its position in shares of iShares Silver Trust by 406.5% in the 4th quarter. Key Client Fiduciary Advisors LLC now owns 6,012 shares of the exchange traded fund’s stock valued at $26,000 after purchasing an additional 4,825 shares during the period. McClarren Financial Advisors Inc. increased its stake in iShares Silver Trust by 3,471.4% during the 4th quarter. McClarren Financial Advisors Inc. now owns 1,000 shares of the exchange traded fund’s stock worth $26,000 after purchasing an additional 972 shares in the last quarter. Spartan Fund Management Inc. acquired a new stake in iShares Silver Trust during the 3rd quarter worth approximately $28,000. Finally, Stonebridge Financial Group LLC acquired a new position in shares of iShares Silver Trust in the fourth quarter valued at approximately $29,000.

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.