abrdn Physical Silver Shares ETF (NYSEARCA:SIVR) Sees Large Volume Increase – What’s Next?

Shares of abrdn Physical Silver Shares ETF (NYSEARCA:SIVR) saw an uptick in trading volume on Wednesday . 1,060,094 shares were traded during trading, a decline of 14% from the previous session’s volume of 1,232,919 shares.The stock last traded at $67.4040 and had previously closed at $68.08.

abrdn Physical Silver Shares ETF Stock Down 0.1%

The stock has a fifty day moving average of $51.89 and a 200 day moving average of $42.96.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in SIVR. JPMorgan Chase & Co. increased its stake in shares of abrdn Physical Silver Shares ETF by 243.1% in the third quarter. JPMorgan Chase & Co. now owns 5,966,410 shares of the company’s stock worth $265,386,000 after purchasing an additional 4,227,392 shares in the last quarter. Bank of America Corp DE boosted its holdings in abrdn Physical Silver Shares ETF by 55.1% in the 3rd quarter. Bank of America Corp DE now owns 1,627,112 shares of the company’s stock worth $72,374,000 after buying an additional 578,217 shares during the period. AMG National Trust Bank increased its stake in abrdn Physical Silver Shares ETF by 6.5% in the 3rd quarter. AMG National Trust Bank now owns 627,337 shares of the company’s stock worth $27,904,000 after buying an additional 38,475 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. raised its holdings in abrdn Physical Silver Shares ETF by 33.3% during the third quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 600,000 shares of the company’s stock valued at $26,469,000 after acquiring an additional 150,000 shares during the period. Finally, Quadrature Capital Ltd lifted its position in shares of abrdn Physical Silver Shares ETF by 250.9% in the second quarter. Quadrature Capital Ltd now owns 506,714 shares of the company’s stock valued at $17,431,000 after acquiring an additional 362,296 shares in the last quarter.

abrdn Physical Silver Shares ETF Company Profile

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. The sponsor of the Trust is ETF Securities USA LLC.