abrdn Physical Silver Shares ETF (NYSEARCA:SIVR) Short Interest Up 48.1% in September

abrdn Physical Silver Shares ETF (NYSEARCA:SIVR) was the recipient of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 2,770,000 shares, an increase of 48.1% from the September 15th total of 1,870,000 shares. Based on an average trading volume of 1,300,200 shares, the days-to-cover ratio is presently 2.1 days. Based on an average trading volume of 1,300,200 shares, the days-to-cover ratio is presently 2.1 days.

Hedge Funds Weigh In On abrdn Physical Silver Shares ETF

A number of institutional investors have recently added to or reduced their stakes in SIVR. JPMorgan Chase & Co. grew its stake in shares of abrdn Physical Silver Shares ETF by 3,290.6% during the second quarter. JPMorgan Chase & Co. now owns 1,739,018 shares of the company’s stock valued at $59,840,000 after acquiring an additional 1,687,728 shares in the last quarter. Bank of America Corp DE grew its stake in abrdn Physical Silver Shares ETF by 12.9% during the 2nd quarter. Bank of America Corp DE now owns 1,048,895 shares of the company’s stock valued at $36,092,000 after purchasing an additional 119,628 shares in the last quarter. AMG National Trust Bank grew its stake in abrdn Physical Silver Shares ETF by 3.1% during the 2nd quarter. AMG National Trust Bank now owns 588,862 shares of the company’s stock valued at $20,263,000 after purchasing an additional 17,671 shares in the last quarter. Quadrature Capital Ltd increased its holdings in abrdn Physical Silver Shares ETF by 250.9% during the 2nd quarter. Quadrature Capital Ltd now owns 506,714 shares of the company’s stock worth $17,431,000 after purchasing an additional 362,296 shares during the last quarter. Finally, Banco Bilbao Vizcaya Argentaria S.A. raised its position in shares of abrdn Physical Silver Shares ETF by 35.1% in the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 500,000 shares of the company’s stock valued at $16,384,000 after purchasing an additional 130,000 shares in the last quarter.

abrdn Physical Silver Shares ETF Trading Up 0.2%

SIVR opened at $46.09 on Thursday. The firm’s 50 day moving average is $41.90 and its 200-day moving average is $36.32. abrdn Physical Silver Shares ETF has a 52-week low of $27.45 and a 52-week high of $51.65.

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.