Short Interest in Sprott Physical Silver Trust (NYSEARCA:PSLV) Increases By 149.7%

Sprott Physical Silver Trust (NYSEARCA:PSLV) was the target of a large increase in short interest in July. As of July 31st, there was short interest totaling 800,105 shares, an increase of 149.7% from the July 15th total of 320,442 shares. Based on an average trading volume of 8,028,419 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are sold short.

Hedge Funds Weigh In On Sprott Physical Silver Trust

A number of institutional investors and hedge funds have recently bought and sold shares of PSLV. Ignite Planners LLC purchased a new stake in shares of Sprott Physical Silver Trust in the 4th quarter worth approximately $512,000. WIT Partners Advisory Pte. Ltd. increased its holdings in Sprott Physical Silver Trust by 61.8% during the fourth quarter. WIT Partners Advisory Pte. Ltd. now owns 847,792 shares of the exchange traded fund’s stock valued at $19,048,000 after buying an additional 323,722 shares during the period. International Assets Investment Management LLC increased its holdings in Sprott Physical Silver Trust by 89.0% during the fourth quarter. International Assets Investment Management LLC now owns 441,767 shares of the exchange traded fund’s stock valued at $10,448,000 after buying an additional 207,976 shares during the period. K.J. Harrison & Partners Inc raised its stake in Sprott Physical Silver Trust by 64.4% in the fourth quarter. K.J. Harrison & Partners Inc now owns 713,622 shares of the exchange traded fund’s stock worth $16,927,000 after buying an additional 279,665 shares in the last quarter. Finally, Proactive Wealth Strategies LLC raised its stake in Sprott Physical Silver Trust by 10.3% in the fourth quarter. Proactive Wealth Strategies LLC now owns 285,771 shares of the exchange traded fund’s stock worth $6,758,000 after buying an additional 26,711 shares in the last quarter.

Sprott Physical Silver Trust Price Performance

Shares of NYSEARCA PSLV opened at $20.97 on Friday. Sprott Physical Silver Trust has a 52 week low of $12.61 and a 52 week high of $38.13. The business’s 50-day simple moving average is $19.70 and its 200-day simple moving average is $23.67.

Sprott Physical Silver Trust Company Profile

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.