iShares Silver Trust (NYSEARCA:SLV) Sees Large Growth in Short Interest

iShares Silver Trust (NYSEARCA:SLV) was the target of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 58,250,000 shares, a growth of 67.2% from the August 31st total of 34,830,000 shares. Based on an average daily volume of 20,967,700 shares, the days-to-cover ratio is presently 2.8 days. Based on an average daily volume of 20,967,700 shares, the days-to-cover ratio is presently 2.8 days.

Institutional Trading of iShares Silver Trust

Institutional investors have recently modified their holdings of the company. Smallwood Wealth Investment Management LLC bought a new stake in shares of iShares Silver Trust in the first quarter valued at about $25,000. Center for Financial Planning Inc. bought a new stake in iShares Silver Trust during the second quarter worth about $25,000. Highline Wealth Partners LLC bought a new stake in iShares Silver Trust during the second quarter worth about $26,000. Kentucky Trust Co raised its holdings in iShares Silver Trust by 185.7% during the first quarter. Kentucky Trust Co now owns 1,000 shares of the exchange traded fund’s stock worth $31,000 after acquiring an additional 650 shares in the last quarter. Finally, Trifecta Capital Advisors LLC bought a new stake in iShares Silver Trust during the first quarter worth about $31,000.

iShares Silver Trust Price Performance

Shares of iShares Silver Trust stock opened at $43.39 on Wednesday. The firm has a market cap of $24.10 billion, a price-to-earnings ratio of -8.51 and a beta of 0.59. The stock’s 50-day moving average is $37.28 and its 200-day moving average is $33.43. iShares Silver Trust has a one year low of $26.19 and a one year high of $44.26.

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.