Sprott Physical Silver Trust (NYSEARCA:PSLV) Sees Large Volume Increase

Sprott Physical Silver Trust (NYSEARCA:PSLV) saw unusually-high trading volume on Monday . Approximately 5,711,517 shares traded hands during trading, an increase of 77% from the previous session’s volume of 3,235,249 shares.The stock last traded at $9.65 and had previously closed at $9.41.

Sprott Physical Silver Trust Price Performance

The company’s fifty day moving average is $8.24 and its two-hundred day moving average is $7.99.

Hedge Funds Weigh In On Sprott Physical Silver Trust

Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. raised its holdings in Sprott Physical Silver Trust by 5.3% in the second quarter. BlackRock Inc. now owns 21,679,785 shares of the exchange traded fund’s stock valued at $168,886,000 after acquiring an additional 1,091,550 shares in the last quarter. Truist Financial Corp raised its holdings in shares of Sprott Physical Silver Trust by 79.8% in the 4th quarter. Truist Financial Corp now owns 5,373,785 shares of the exchange traded fund’s stock valued at $44,280,000 after purchasing an additional 2,385,642 shares in the last quarter. Polar Asset Management Partners Inc. lifted its position in shares of Sprott Physical Silver Trust by 5.4% during the 1st quarter. Polar Asset Management Partners Inc. now owns 4,488,810 shares of the exchange traded fund’s stock worth $37,437,000 after purchasing an additional 229,345 shares during the last quarter. Royal Bank of Canada lifted its position in shares of Sprott Physical Silver Trust by 3.4% during the 1st quarter. Royal Bank of Canada now owns 2,179,509 shares of the exchange traded fund’s stock worth $19,115,000 after purchasing an additional 70,734 shares during the last quarter. Finally, Jane Street Group LLC grew its stake in shares of Sprott Physical Silver Trust by 22.7% during the third quarter. Jane Street Group LLC now owns 1,829,083 shares of the exchange traded fund’s stock worth $12,109,000 after purchasing an additional 337,838 shares in the last quarter.

About Sprott Physical Silver Trust

Sprott Physical Silver Trust is a closed-end investment trust company, which engages in the provision of a secure, convenient, and exchange-traded investment alternative for investors interested in holding physical silver bullion without the inconvenience that is typical of a direct investment in physical silver bullion.