Stock Traders Buy High Volume of Call Options on iShares Silver Trust (NYSEARCA:SLV)

iShares Silver Trust (NYSEARCA:SLV) was the target of some unusual options trading activity on Wednesday. Stock traders acquired 757,920 call options on the company. This is an increase of approximately 23% compared to the typical volume of 617,217 call options.

Institutional Trading of iShares Silver Trust

A number of large investors have recently bought and sold shares of the business. Apella Capital LLC purchased a new stake in iShares Silver Trust in the second quarter worth $291,000. Deutsche Bank AG bought a new stake in iShares Silver Trust during the 1st quarter valued at $87,000. OneAscent Financial Services LLC lifted its holdings in shares of iShares Silver Trust by 5.1% in the 1st quarter. OneAscent Financial Services LLC now owns 10,310 shares of the exchange traded fund’s stock worth $317,000 after buying an additional 497 shares during the period. Welch Group LLC increased its stake in shares of iShares Silver Trust by 20.8% during the second quarter. Welch Group LLC now owns 26,043 shares of the exchange traded fund’s stock valued at $854,000 after buying an additional 4,476 shares during the period. Finally, Brown Advisory Inc. bought a new stake in shares of iShares Silver Trust in the first quarter valued at about $418,000.

iShares Silver Trust Price Performance

Shares of SLV traded up $2.08 during trading hours on Wednesday, hitting $48.53. 34,371,605 shares of the stock were exchanged, compared to its average volume of 24,348,439. iShares Silver Trust has a fifty-two week low of $26.19 and a fifty-two week high of $49.25. The business has a 50-day moving average of $42.38 and a 200-day moving average of $36.21. The firm has a market capitalization of $26.15 billion, a P/E ratio of -8.51 and a beta of 0.38.

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.