Short Interest in abrdn Physical Silver Shares ETF (NYSEARCA:SIVR) Declines By 37.7%

abrdn Physical Silver Shares ETF (NYSEARCA:SIVR) saw a large drop in short interest in the month of March. As of March 13th, there was short interest totaling 981,212 shares, a drop of 37.7% from the February 26th total of 1,575,367 shares. Based on an average trading volume of 3,359,892 shares, the short-interest ratio is currently 0.3 days. Approximately 1.3% of the shares of the stock are sold short.

Institutional Trading of abrdn Physical Silver Shares ETF

Institutional investors have recently bought and sold shares of the company. Wilmington Savings Fund Society FSB lifted its holdings in abrdn Physical Silver Shares ETF by 245.6% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 553 shares of the company’s stock valued at $25,000 after purchasing an additional 393 shares in the last quarter. Sankala Group LLC purchased a new stake in shares of abrdn Physical Silver Shares ETF during the fourth quarter worth about $34,000. CoreFirst Bank & Trust purchased a new stake in shares of abrdn Physical Silver Shares ETF during the second quarter worth about $48,000. AdvisorNet Financial Inc lifted its stake in shares of abrdn Physical Silver Shares ETF by 48.1% during the third quarter. AdvisorNet Financial Inc now owns 1,189 shares of the company’s stock valued at $53,000 after buying an additional 386 shares during the period. Finally, Motiv8 Investments LLC acquired a new stake in abrdn Physical Silver Shares ETF during the fourth quarter worth approximately $53,000.

abrdn Physical Silver Shares ETF Price Performance

Shares of NYSEARCA:SIVR traded up $2.82 during trading on Friday, hitting $66.66. 2,464,004 shares of the stock were exchanged, compared to its average volume of 5,192,233. The company has a fifty day moving average price of $80.39 and a two-hundred day moving average price of $63.52. abrdn Physical Silver Shares ETF has a 12-month low of $27.86 and a 12-month high of $115.26.

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.