Short Interest in abrdn Physical Silver Shares ETF (NYSEARCA:SIVR) Rises By 48.1%

abrdn Physical Silver Shares ETF (NYSEARCA:SIVR) saw a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 2,770,000 shares, a growth of 48.1% from the September 15th total of 1,870,000 shares. Based on an average trading volume of 1,300,200 shares, the days-to-cover ratio is presently 2.1 days. Based on an average trading volume of 1,300,200 shares, the days-to-cover ratio is presently 2.1 days.

abrdn Physical Silver Shares ETF Trading Down 0.5%

SIVR stock opened at $46.21 on Friday. abrdn Physical Silver Shares ETF has a fifty-two week low of $27.45 and a fifty-two week high of $51.65. The stock has a fifty day moving average of $42.30 and a 200-day moving average of $36.57.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in SIVR. JPMorgan Chase & Co. boosted its stake in abrdn Physical Silver Shares ETF by 3,290.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,739,018 shares of the company’s stock worth $59,840,000 after purchasing an additional 1,687,728 shares during the period. Tradewinds Capital Management LLC boosted its stake in abrdn Physical Silver Shares ETF by 60,555.1% in the 1st quarter. Tradewinds Capital Management LLC now owns 448,848 shares of the company’s stock worth $14,592,000 after purchasing an additional 448,108 shares during the period. Quadrature Capital Ltd boosted its stake in abrdn Physical Silver Shares ETF by 250.9% in the 2nd quarter. Quadrature Capital Ltd now owns 506,714 shares of the company’s stock worth $17,431,000 after purchasing an additional 362,296 shares during the period. McIlrath & Eck LLC bought a new position in abrdn Physical Silver Shares ETF in the 2nd quarter worth about $12,149,000. Finally, Mission Creek Capital Partners Inc. boosted its stake in abrdn Physical Silver Shares ETF by 444.4% in the 1st quarter. Mission Creek Capital Partners Inc. now owns 223,986 shares of the company’s stock worth $7,282,000 after purchasing an additional 182,840 shares during the period.

About abrdn Physical Silver Shares ETF

ETFS Silver Trust (the Trust) is formed to own silver transferred to the Trust in exchange for shares issued by the Trust. The investment objective of the Trust is for the Shares to reflect the performance of the price of silver bullion, less the expenses of the Trust’s operations. ETFS Physical Silver Shares (the Shares) are issued by ETFS Silver Trust.