Short Interest in iShares Silver Trust (NYSEARCA:SLV) Decreases By 37.7%

iShares Silver Trust (NYSEARCA:SLV) was the recipient of a significant decrease in short interest in February. As of February 13th, there was short interest totaling 45,791,088 shares, a decrease of 37.7% from the January 29th total of 73,552,213 shares. Based on an average daily trading volume, of 119,920,142 shares, the days-to-cover ratio is currently 0.4 days. Currently, 8.3% of the shares of the stock are sold short. Currently, 8.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 119,920,142 shares, the days-to-cover ratio is currently 0.4 days.

iShares Silver Trust Stock Performance

iShares Silver Trust stock traded down $3.34 during midday trading on Monday, reaching $81.65. 92,488,910 shares of the stock were exchanged, compared to its average volume of 129,856,547. iShares Silver Trust has a 52 week low of $26.57 and a 52 week high of $109.83. The firm has a market cap of $44.95 billion, a PE ratio of -8.51 and a beta of 0.38. The company’s fifty day moving average is $76.48 and its 200-day moving average is $55.52.

Hedge Funds Weigh In On iShares Silver Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sankala Group LLC bought a new stake in shares of iShares Silver Trust during the 4th quarter valued at about $226,000. Corecam Pte. Ltd. raised its stake in iShares Silver Trust by 941.6% in the fourth quarter. Corecam Pte. Ltd. now owns 260,400 shares of the exchange traded fund’s stock valued at $16,775,000 after purchasing an additional 235,400 shares in the last quarter. Strategic Investment Solutions Inc. IL lifted its position in iShares Silver Trust by 6.8% during the fourth quarter. Strategic Investment Solutions Inc. IL now owns 115,777 shares of the exchange traded fund’s stock valued at $7,362,000 after purchasing an additional 7,327 shares during the last quarter. BDFS Capital LLC purchased a new position in iShares Silver Trust in the 4th quarter worth approximately $290,000. Finally, Tempo Wealth LLC bought a new position in shares of iShares Silver Trust in the 4th quarter worth $217,000.

iShares Silver Trust Company Profile

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. The activities of the Trust are limited to issuing baskets of shares in exchange for the silver deposited with the custodian as consideration, selling silver as necessary to cover the sponsor’s fee, Trust expenses not assumed by the sponsor and other liabilities, and delivering silver in exchange for baskets of shares surrendered for redemption.