abrdn Physical Silver Shares ETF (NYSEARCA:SIVR) Sees Significant Decline in Short Interest

abrdn Physical Silver Shares ETF (NYSEARCA:SIVR) was the target of a significant drop in short interest in the month of February. As of February 13th, there was short interest totaling 1,466,140 shares, a drop of 31.1% from the January 29th total of 2,128,191 shares. Currently, 1.9% of the company’s stock are sold short. Based on an average daily trading volume, of 5,693,863 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily trading volume, of 5,693,863 shares, the days-to-cover ratio is currently 0.3 days. Currently, 1.9% of the company’s stock are sold short.

Hedge Funds Weigh In On abrdn Physical Silver Shares ETF

A number of institutional investors and hedge funds have recently made changes to their positions in SIVR. JPMorgan Chase & Co. boosted its position in shares of abrdn Physical Silver Shares ETF by 243.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,966,410 shares of the company’s stock worth $265,386,000 after purchasing an additional 4,227,392 shares in the last quarter. Tradewinds Capital Management LLC raised its stake in abrdn Physical Silver Shares ETF by 65,521.7% during the fourth quarter. Tradewinds Capital Management LLC now owns 696,246 shares of the company’s stock valued at $47,094,000 after buying an additional 695,185 shares during the last quarter. Bank of America Corp DE boosted its holdings in abrdn Physical Silver Shares ETF by 55.1% in the third quarter. Bank of America Corp DE now owns 1,627,112 shares of the company’s stock worth $72,374,000 after acquiring an additional 578,217 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. boosted its holdings in abrdn Physical Silver Shares ETF by 76.7% in the fourth quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 1,060,062 shares of the company’s stock worth $73,083,000 after acquiring an additional 460,062 shares in the last quarter. Finally, Southeast Asset Advisors LLC purchased a new stake in shares of abrdn Physical Silver Shares ETF in the fourth quarter worth $29,916,000.

abrdn Physical Silver Shares ETF Stock Down 8.5%

Shares of NYSEARCA:SIVR traded down $7.24 during midday trading on Tuesday, reaching $78.44. The company’s stock had a trading volume of 6,013,312 shares, compared to its average volume of 6,261,269. The firm has a 50 day moving average of $80.91 and a 200-day moving average of $58.93. 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.