abrdn Physical Silver Shares ETF (NYSEARCA:SIVR) Short Interest Update

abrdn Physical Silver Shares ETF (NYSEARCA:SIVR) was the target of a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 1,552,092 shares, a growth of 83.8% from the December 15th total of 844,605 shares. Currently, 2.0% of the shares of the stock are sold short. Based on an average trading volume of 4,033,322 shares, the short-interest ratio is currently 0.4 days. Based on an average trading volume of 4,033,322 shares, the short-interest ratio is currently 0.4 days. Currently, 2.0% of the shares of the stock are sold short.

Hedge Funds Weigh In On abrdn Physical Silver Shares ETF

A number of institutional investors have recently added to or reduced their stakes in the business. Eagle Strategies LLC bought a new stake in abrdn Physical Silver Shares ETF in the third quarter valued at approximately $394,000. Brookstone Capital Management purchased a new position in shares of abrdn Physical Silver Shares ETF in the third quarter worth $402,000. AE Wealth Management LLC raised its holdings in abrdn Physical Silver Shares ETF by 125.5% during the 2nd quarter. AE Wealth Management LLC now owns 16,899 shares of the company’s stock valued at $581,000 after buying an additional 9,405 shares during the last quarter. 180 Wealth Advisors LLC boosted its position in abrdn Physical Silver Shares ETF by 4.9% during the 3rd quarter. 180 Wealth Advisors LLC now owns 163,317 shares of the company’s stock valued at $7,264,000 after buying an additional 7,667 shares during the period. Finally, Janney Montgomery Scott LLC purchased a new stake in abrdn Physical Silver Shares ETF during the 2nd quarter valued at $212,000.

abrdn Physical Silver Shares ETF Stock Performance

NYSEARCA SIVR traded down $2.43 on Friday, hitting $85.05. The stock had a trading volume of 4,746,517 shares, compared to its average volume of 5,699,421. The firm has a 50-day moving average of $62.17 and a 200-day moving average of $47.93. abrdn Physical Silver Shares ETF has a 52-week low of $27.86 and a 52-week high of $88.99.

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