iShares Silver Trust (NYSEARCA:SLV) was the target of a significant growth in short interest in November. As of November 15th, there was short interest totalling 20,093,539 shares, a growth of 28.8% from the October 31st total of 15,595,388 shares. Based on an average daily trading volume, of 6,989,623 shares, the days-to-cover ratio is presently 2.9 days.

A number of institutional investors have recently made changes to their positions in the stock. IPG Investment Advisors LLC grew its holdings in iShares Silver Trust by 0.3% during the second quarter. IPG Investment Advisors LLC now owns 19,220 shares of the exchange traded fund’s stock worth $302,000 after buying an additional 50 shares in the last quarter. Arete Wealth Advisors LLC grew its holdings in iShares Silver Trust by 0.6% during the second quarter. Arete Wealth Advisors LLC now owns 11,023 shares of the exchange traded fund’s stock worth $173,000 after buying an additional 71 shares in the last quarter. Commerce Bank grew its holdings in iShares Silver Trust by 0.4% during the second quarter. Commerce Bank now owns 42,925 shares of the exchange traded fund’s stock worth $675,000 after buying an additional 175 shares in the last quarter. Nations Financial Group Inc. IA ADV grew its stake in iShares Silver Trust by 2.9% in the 2nd quarter. Nations Financial Group Inc. IA ADV now owns 12,364 shares of the exchange traded fund’s stock valued at $194,000 after purchasing an additional 350 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in iShares Silver Trust by 1.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 21,615 shares of the exchange traded fund’s stock valued at $340,000 after purchasing an additional 384 shares during the period.

Shares of iShares Silver Trust (NYSEARCA SLV) opened at $15.53 on Friday. iShares Silver Trust has a 1-year low of $14.44 and a 1-year high of $17.59.

COPYRIGHT VIOLATION WARNING: This piece was reported by Daily Political and is the property of of Daily Political. If you are reading this piece on another domain, it was illegally copied and republished in violation of US and international copyright and trademark legislation. The correct version of this piece can be read at https://www.dailypolitical.com/2017/12/02/ishares-silver-trust-slv-sees-significant-increase-in-short-interest.html.

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.

Receive News & Ratings for iShares Silver Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Silver Trust and related companies with MarketBeat.com's FREE daily email newsletter.