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

iShares Silver Trust (NYSEARCA:SLV) saw some unusual options trading on Friday. Investors acquired 886,190 call options on the stock. This represents an increase of 162% compared to the typical volume of 337,944 call options.

Hedge Funds Weigh In On iShares Silver Trust

Hedge funds and other institutional investors have recently bought and sold shares of the stock. NWI Management LP boosted its holdings in shares of iShares Silver Trust by 10,526.6% in the 1st quarter. NWI Management LP now owns 5,313,305 shares of the exchange traded fund’s stock worth $120,878,000 after purchasing an additional 5,263,305 shares in the last quarter. Meitav Investment House Ltd. bought a new stake in iShares Silver Trust in the 2nd quarter worth approximately $45,688,000. Cetera Investment Advisers boosted its stake in iShares Silver Trust by 842.7% in the first quarter. Cetera Investment Advisers now owns 816,761 shares of the exchange traded fund’s stock worth $18,581,000 after buying an additional 730,121 shares in the last quarter. RIA Advisory Group LLC grew its position in iShares Silver Trust by 3,532.2% during the first quarter. RIA Advisory Group LLC now owns 737,854 shares of the exchange traded fund’s stock valued at $16,786,000 after acquiring an additional 717,540 shares during the last quarter. Finally, Caxton Associates LP purchased a new position in shares of iShares Silver Trust during the first quarter worth approximately $10,506,000.

iShares Silver Trust Price Performance

SLV opened at $30.65 on Friday. iShares Silver Trust has a one year low of $20.07 and a one year high of $30.72. The firm has a market capitalization of $14.39 billion, a P/E ratio of -7.01 and a beta of 0.43. The company has a fifty day moving average price of $27.52 and a 200-day moving average price of $26.85.

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.