Sprott Physical Silver Trust (NYSEARCA:PSLV) Short Interest Update

Sprott Physical Silver Trust (NYSEARCA:PSLV) was the recipient of a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 369,720 shares, a decrease of 42.2% from the May 31st total of 639,205 shares. Based on an average daily trading volume, of 9,520,948 shares, the short-interest ratio is presently 0.0 days. Approximately 0.1% of the shares of the company are short sold.

Sprott Physical Silver Trust Price Performance

NYSEARCA PSLV traded up $0.01 during trading on Wednesday, hitting $18.88. 5,866,061 shares of the company’s stock traded hands, compared to its average volume of 15,673,478. Sprott Physical Silver Trust has a 12-month low of $12.31 and a 12-month high of $38.13. The business has a 50 day moving average of $23.21 and a 200-day moving average of $25.11.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of PSLV. Enclave Advisors LLC bought a new stake in Sprott Physical Silver Trust during the 4th quarter valued at $4,795,000. JPMorgan Chase & Co. boosted its holdings in shares of Sprott Physical Silver Trust by 25.9% in the third quarter. JPMorgan Chase & Co. now owns 145,990 shares of the exchange traded fund’s stock worth $2,292,000 after acquiring an additional 30,062 shares during the period. SeaCrest Wealth Management LLC lifted its holdings in Sprott Physical Silver Trust by 153.5% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 276,931 shares of the exchange traded fund’s stock worth $4,556,000 after purchasing an additional 167,697 shares in the last quarter. Beaumont Financial Advisors LLC lifted its holdings in Sprott Physical Silver Trust by 24.0% during the 4th quarter. Beaumont Financial Advisors LLC now owns 134,878 shares of the exchange traded fund’s stock worth $3,190,000 after purchasing an additional 26,125 shares in the last quarter. Finally, WIT Partners Advisory Pte. Ltd. boosted its stake in Sprott Physical Silver Trust by 61.8% in the 4th quarter. WIT Partners Advisory Pte. Ltd. now owns 847,792 shares of the exchange traded fund’s stock worth $19,048,000 after purchasing an additional 323,722 shares during the period.

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. The Trust invests and intends to continue to invest primarily in long-term holdings of unencumbered, fully allocated, physical silver bullion, and does not speculate with regard to short-term changes in silver prices.