abrdn Physical Silver Shares ETF (NYSEARCA:SIVR) Short Interest Down 24.3% in January

abrdn Physical Silver Shares ETF (NYSEARCA:SIVRGet Free Report) was the recipient of a large decrease in short interest in the month of January. As of January 15th, there was short interest totaling 1,174,896 shares, a decrease of 24.3% from the December 31st total of 1,552,092 shares. Approximately 1.5% of the shares of the stock are sold short. Based on an average trading volume of 5,796,097 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 5,796,097 shares, the days-to-cover ratio is presently 0.2 days. Approximately 1.5% of the shares of the stock are sold short.

More abrdn Physical Silver Shares ETF News

Here are the key news stories impacting abrdn Physical Silver Shares ETF this week:

abrdn Physical Silver Shares ETF Stock Down 28.6%

Shares of NYSEARCA SIVR traded down $31.65 during mid-day trading on Friday, reaching $79.20. The company had a trading volume of 26,179,131 shares, compared to its average volume of 7,807,284. The business’s 50-day simple moving average is $71.70 and its 200 day simple moving average is $52.28. abrdn Physical Silver Shares ETF has a one year low of $27.86 and a one year high of $115.26.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Ashton Thomas Private Wealth LLC lifted its stake in abrdn Physical Silver Shares ETF by 2.7% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 5,704 shares of the company’s stock valued at $386,000 after purchasing an additional 150 shares during the last quarter. Leading Edge Financial Planning LLC raised its position in shares of abrdn Physical Silver Shares ETF by 4.7% during the fourth quarter. Leading Edge Financial Planning LLC now owns 5,023 shares of the company’s stock worth $340,000 after acquiring an additional 227 shares during the last quarter. Comerica Bank boosted its position in abrdn Physical Silver Shares ETF by 9.6% during the fourth quarter. Comerica Bank now owns 2,640 shares of the company’s stock valued at $179,000 after acquiring an additional 231 shares during the last quarter. Braun Bostich & Associates Inc. lifted its stake in abrdn Physical Silver Shares ETF by 1.2% in the fourth quarter. Braun Bostich & Associates Inc. now owns 20,271 shares of the company’s stock valued at $1,371,000 after buying an additional 248 shares during the period. Finally, Blossom Wealth Management boosted its stake in abrdn Physical Silver Shares ETF by 3.5% during the third quarter. Blossom Wealth Management now owns 7,450 shares of the company’s stock worth $331,000 after acquiring an additional 250 shares in the last quarter.

About abrdn Physical Silver Shares ETF

(Get Free Report)

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.

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