This Metric Says You Are Smart to Sell iShares Silver Trust (ETF) (SLV)

iShares Silver Trust (ETF) (NYSEARCA:SLV) was in 11 hedge funds’ portfolio at the end of the first quarter of 2013. SLV has seen a decrease in hedge fund interest lately. There were 12 hedge funds in our database with SLV holdings at the end of the previous quarter.

Some EM Sector ETFs Could Soar in 2013At the moment, there are dozens of gauges shareholders can use to monitor their holdings. Some of the best are hedge fund and insider trading interest. At Insider Monkey, our studies have shown that, historically, those who follow the top picks of the best fund managers can trounce their index-focused peers by a significant amount (see just how much).

Just as integral, optimistic insider trading sentiment is another way to parse down the marketplace. Just as you’d expect, there are a variety of reasons for an insider to drop shares of his or her company, but just one, very clear reason why they would buy. Many academic studies have demonstrated the valuable potential of this strategy if you understand what to do (learn more here).

Keeping this in mind, we’re going to take a look at the latest action surrounding iShares Silver Trust (ETF) (NYSEARCA:SLV).

What have hedge funds been doing with iShares Silver Trust (ETF) (NYSEARCA:SLV)?

At Q1′s end, a total of 11 of the hedge funds we track were bullish in this stock, a change of -8% from the first quarter. With the smart money’s sentiment swirling, there exists a select group of noteworthy hedge fund managers who were increasing their holdings considerably.

According to our comprehensive database, Empyrean Capital Partners, managed by Michael A. Price and Amos Meron, holds the most valuable position in iShares Silver Trust (ETF) (NYSEARCA:SLV). Empyrean Capital Partners has a $41.1 million call position in the stock, comprising 0.9% of its 13F portfolio. Sitting at the No. 2 spot is Michael A. Price and Amos Meron of Empyrean Capital Partners, with a $20.6 million position; 0.4% of its 13F portfolio is allocated to the stock. Other hedge funds that hold long positions include Israel Englander’s Millennium Management, and Matthew Hulsizer’s PEAK6 Capital Management.

Because iShares Silver Trust (ETF) (NYSEARCA:SLV) has faced falling interest from the smart money, we can see that there exists a select few money managers who sold off their positions entirely heading into Q2. Intriguingly, Peter Franklin Palmedo’s Sun Valley Gold said goodbye to the largest position of the 450+ funds we monitor, valued at an estimated $132.2 million in call options, and Peter Franklin Palmedo of Sun Valley Gold was right behind this move, as the fund dropped about $16.3 million worth. These bearish behaviors are intriguing to say the least, as aggregate hedge fund interest fell by 1 funds heading into Q2.

How are insiders trading iShares Silver Trust (ETF) (NYSEARCA:SLV)?

Insider purchases made by high-level executives is most useful when the company in focus has seen transactions within the past six months. Over the last 180-day time period, iShares Silver Trust (ETF) (NYSEARCA:SLV) has seen zero unique insiders purchasing, and zero insider sales (see the details of insider trades here).

With the returns exhibited by the aforementioned research, retail investors must always keep an eye on hedge fund and insider trading activity, and iShares Silver Trust (ETF) (NYSEARCA:SLV) applies perfectly to this mantra.

Click here to learn why you should track hedge funds

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The 10 Most Overrated Movies Of All Time by Out-of-Touch Critics

Top 6 Least Expensive Cruise Destinations For 2015 that Will Take You to Paradise

10 States with Lowest Substance Abuse Rates in America

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

6 Ways to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!