Investors Buy Large Volume of iShares Silver Trust Put Options (SLV)

iShares Silver Trust (NYSEARCA:SLV) was the target of some unusual options trading activity on Friday. Stock traders bought 10,132 put options on the company. This represents an increase of approximately 118% compared to the typical volume of 4,649 put options.

iShares Silver Trust (SLV) traded down 0.12% during mid-day trading on Friday, hitting $16.10. 8,798,685 shares of the company were exchanged. iShares Silver Trust has a 12-month low of $14.44 and a 12-month high of $19.12. The company’s 50-day moving average is $15.55 and its 200 day moving average is $16.27.

A number of large investors have recently bought and sold shares of the stock. Lenox Wealth Management Inc. increased its stake in iShares Silver Trust by 286.4% in the second quarter. Lenox Wealth Management Inc. now owns 6,746 shares of the exchange traded fund’s stock valued at $106,000 after buying an additional 5,000 shares during the last quarter. Smithfield Trust Co. increased its stake in iShares Silver Trust by 26.7% in the second quarter. Smithfield Trust Co. now owns 6,843 shares of the exchange traded fund’s stock valued at $108,000 after buying an additional 1,443 shares during the last quarter. Sei Investments Co. increased its stake in iShares Silver Trust by 16.2% in the second quarter. Sei Investments Co. now owns 9,753 shares of the exchange traded fund’s stock valued at $154,000 after buying an additional 1,362 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in iShares Silver Trust by 143.4% in the second quarter. Tower Research Capital LLC TRC now owns 10,000 shares of the exchange traded fund’s stock valued at $157,000 after buying an additional 5,892 shares during the last quarter. Finally, Brighton Jones LLC acquired a new stake in iShares Silver Trust during the second quarter valued at approximately $164,000.

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About iShares Silver Trust

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.

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