ETRACS Silver Shares Covered Call ETN (NASDAQ:SLVO) Stock Pass Below 50-Day Moving Average – Should You Sell?

Shares of ETRACS Silver Shares Covered Call ETN (NASDAQ:SLVO) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $100.72 and traded as low as $100.50. ETRACS Silver Shares Covered Call ETN shares last traded at $101.72, with a volume of 76,896 shares traded.

ETRACS Silver Shares Covered Call ETN Stock Up 2.1%

The firm’s 50-day simple moving average is $100.72 and its 200-day simple moving average is $93.62.

ETRACS Silver Shares Covered Call ETN Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, February 25th. Shareholders of record on Friday, February 20th will be issued a dividend of $7.9101 per share. The ex-dividend date of this dividend is Friday, February 20th. This is a positive change from ETRACS Silver Shares Covered Call ETN’s previous monthly dividend of $5.79. This represents a c) dividend on an annualized basis and a yield of 93.3%.

Institutional Trading of ETRACS Silver Shares Covered Call ETN

A hedge fund recently bought a new stake in ETRACS Silver Shares Covered Call ETN stock. Claris Financial LLC acquired a new position in shares of ETRACS Silver Shares Covered Call ETN (NASDAQ:SLVO) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 19,530 shares of the company’s stock, valued at approximately $1,564,000. ETRACS Silver Shares Covered Call ETN comprises about 1.2% of Claris Financial LLC’s holdings, making the stock its 19th biggest holding. Claris Financial LLC owned approximately 0.85% of ETRACS Silver Shares Covered Call ETN as of its most recent filing with the Securities and Exchange Commission (SEC).

ETRACS Silver Shares Covered Call ETN (NASDAQ: SLVO) is an exchange-traded note listed in the United States that provides investors with a packaged exposure to silver coupled with an options overlay. The product is structured to deliver returns that reflect the performance of a long position in shares representing physical silver together with the income and payoff profile generated by a covered call strategy. As an ETN, SLVO is an unsecured debt instrument whose economic return is tied to the referenced strategy rather than to ownership of a separate pool of assets.

The covered call component typically involves selling call options against the underlying silver shares to collect option premium, which can produce regular income and reduce short‑term volatility, while also capping upside participation when the underlying rises above option strike prices.