abrdn Physical Silver Shares ETF (NYSEARCA:SIVR) Sees Large Volume Increase – Here’s What Happened

Shares of abrdn Physical Silver Shares ETF (NYSEARCA:SIVR) saw an uptick in trading volume on Thursday . 3,730,261 shares changed hands during trading, an increase of 215% from the previous session’s volume of 1,185,225 shares.The stock last traded at $60.6670 and had previously closed at $58.82.

abrdn Physical Silver Shares ETF Stock Down 2.7%

The company has a 50 day moving average of $49.62 and a two-hundred day moving average of $41.32.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Wilmington Savings Fund Society FSB boosted its position in shares of 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 worth $25,000 after purchasing an additional 393 shares in the last quarter. Stone House Investment Management LLC purchased a new position in abrdn Physical Silver Shares ETF during the second quarter valued at $28,000. CoreFirst Bank & Trust bought a new stake in abrdn Physical Silver Shares ETF in the second quarter worth $48,000. AdvisorNet Financial Inc boosted its holdings in 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 worth $53,000 after acquiring an additional 386 shares in the last quarter. Finally, Trust Co. of Vermont purchased a new stake in shares of abrdn Physical Silver Shares ETF in the second quarter worth $56,000.

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.