abrdn Physical Silver Shares ETF (NYSEARCA:SIVR) Short Interest Update

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

abrdn Physical Silver Shares ETF Stock Up 4.6%

NYSEARCA:SIVR traded up $2.92 during trading hours on Friday, reaching $66.76. 1,359,709 shares of the stock were exchanged, compared to its average volume of 5,171,979. abrdn Physical Silver Shares ETF has a twelve month low of $27.86 and a twelve month high of $115.26. The business has a 50-day moving average of $80.76 and a two-hundred day moving average of $63.00.

Hedge Funds Weigh In On abrdn Physical Silver Shares ETF

Hedge funds have recently bought and sold shares of the company. Wilmington Savings Fund Society FSB grew its position 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 acquiring an additional 393 shares in the last quarter. Sankala Group LLC acquired 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 position in shares of abrdn Physical Silver Shares ETF in the second quarter valued at approximately $48,000. AdvisorNet Financial Inc boosted its stake in shares of abrdn Physical Silver Shares ETF by 48.1% in the third quarter. AdvisorNet Financial Inc now owns 1,189 shares of the company’s stock valued at $53,000 after purchasing an additional 386 shares during the period. Finally, Motiv8 Investments LLC acquired a new position in shares of abrdn Physical Silver Shares ETF in the fourth quarter valued at approximately $53,000.

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.