abrdn Physical Silver Shares ETF (NYSEARCA:SIVR) Shares Gap Down – What’s Next?

abrdn Physical Silver Shares ETF (NYSEARCA:SIVR)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $88.78, but opened at $84.78. abrdn Physical Silver Shares ETF shares last traded at $86.2350, with a volume of 1,756,152 shares.

abrdn Physical Silver Shares ETF Stock Down 1.9%

The stock’s fifty day moving average price is $60.55 and its 200-day moving average price is $47.30.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of SIVR. Columbus Macro LLC grew its position in shares of abrdn Physical Silver Shares ETF by 3.5% in the 4th quarter. Columbus Macro LLC now owns 18,533 shares of the company’s stock valued at $1,254,000 after acquiring an additional 633 shares during the period. Global View Capital Management LLC increased its holdings in shares of abrdn Physical Silver Shares ETF by 26.3% in the fourth quarter. Global View Capital Management LLC now owns 29,433 shares of the company’s stock valued at $1,991,000 after purchasing an additional 6,135 shares during the last quarter. Braun Bostich & Associates Inc. raised its position in shares of 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 purchasing an additional 248 shares during the period. Wealthcare Advisory Partners LLC bought a new stake in shares of abrdn Physical Silver Shares ETF during the fourth quarter worth approximately $257,000. Finally, Tradewinds Capital Management LLC increased its position in abrdn Physical Silver Shares ETF by 65,521.7% during the 4th quarter. Tradewinds Capital Management LLC now owns 696,246 shares of the company’s stock worth $47,094,000 after buying an additional 695,185 shares during the period.

About abrdn Physical Silver Shares ETF

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.