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

iShares Silver Trust (NYSEARCA:SLV) was the target of unusually large options trading activity on Tuesday. Traders acquired 541,690 call options on the stock. This is an increase of 97% compared to the average daily volume of 274,709 call options.

iShares Silver Trust Trading Down 0.4 %

SLV stock opened at $24.89 on Thursday. The firm’s 50-day moving average price is $23.02 and its two-hundred day moving average price is $21.88. iShares Silver Trust has a 12-month low of $18.97 and a 12-month high of $27.24. The stock has a market capitalization of $11.81 billion, a price-to-earnings ratio of -7.62 and a beta of 0.46.

Hedge Funds Weigh In On iShares Silver Trust

A number of hedge funds have recently modified their holdings of the company. VisionPoint Advisory Group LLC purchased a new position in shares of iShares Silver Trust during the third quarter valued at about $25,000. BluePath Capital Management LLC purchased a new position in shares of iShares Silver Trust during the third quarter valued at about $26,000. Transcendent Capital Group LLC purchased a new position in shares of iShares Silver Trust during the fourth quarter valued at about $26,000. Asset Dedication LLC increased its position in shares of iShares Silver Trust by 180.5% during the third quarter. Asset Dedication LLC now owns 1,442 shares of the exchange traded fund’s stock valued at $29,000 after buying an additional 928 shares during the period. Finally, Tennessee Valley Asset Management Partners purchased a new position in shares of iShares Silver Trust during the fourth quarter valued at about $34,000.

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.