iShares Silver Trust (NYSEARCA:SLV) Short Interest Update

iShares Silver Trust (NYSEARCA:SLVGet Free Report) was the target of a significant decrease in short interest in the month of February. As of February 27th, there was short interest totaling 37,449,254 shares, a decrease of 18.2% from the February 12th total of 45,791,088 shares. Based on an average daily volume of 68,804,852 shares, the short-interest ratio is presently 0.5 days. Currently, 6.8% of the shares of the company are sold short. Currently, 6.8% of the shares of the company are sold short. Based on an average daily volume of 68,804,852 shares, the short-interest ratio is presently 0.5 days.

Institutional Investors Weigh In On iShares Silver Trust

Several institutional investors have recently added to or reduced their stakes in the business. Sarver Vrooman Wealth Advisors purchased a new position in shares of iShares Silver Trust in the fourth quarter worth about $30,000. Nexus Investment Management ULC raised its position in shares of iShares Silver Trust by 50.0% in the third quarter. Nexus Investment Management ULC now owns 750 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 250 shares during the period. Raleigh Capital Management Inc. purchased a new stake in shares of iShares Silver Trust during the 3rd quarter valued at approximately $32,000. Intesa Sanpaolo Wealth Management purchased a new stake in shares of iShares Silver Trust during the 4th quarter valued at approximately $32,000. Finally, Rialto Wealth Management LLC bought a new position in iShares Silver Trust in the 4th quarter worth approximately $33,000.

iShares Silver Trust Price Performance

Shares of SLV traded down $1.56 during mid-day trading on Tuesday, hitting $71.66. The stock had a trading volume of 32,779,590 shares, compared to its average volume of 111,181,617. iShares Silver Trust has a 52 week low of $26.57 and a 52 week high of $109.83. The business has a fifty day moving average price of $78.74 and a 200-day moving average price of $58.75. The firm has a market cap of $39.45 billion, a P/E ratio of -8.51 and a beta of 0.38.

iShares Silver Trust News Summary

Here are the key news stories impacting iShares Silver Trust this week:

About iShares Silver Trust

(Get Free Report)

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.

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