Sprott Physical Silver Trust (NYSEARCA:PSLV) Shares Shorted: Short Interest Down 46.1% in September

Sprott Physical Silver Trust (NYSEARCA:PSLV) was the target of a large decrease in short interest in September. As of September 30th, there was short interest totaling 324,149 shares, a decrease of 46.1% from the September 15th total of 601,754 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 6,646,707 shares, the short-interest ratio is presently 0.0 days.

Sprott Physical Silver Trust Trading Down 5.1%

PSLV traded down $0.99 during trading on Wednesday, hitting $18.38. 1,214,312 shares of the stock were exchanged, compared to its average volume of 12,420,958. The firm has a 50 day simple moving average of $21.01 and a 200 day simple moving average of $21.79. Sprott Physical Silver Trust has a 1 year low of $15.06 and a 1 year high of $38.13.

Institutional Trading of Sprott Physical Silver Trust

A number of hedge funds have recently bought and sold shares of the stock. Purpose Unlimited Inc. purchased a new position in shares of Sprott Physical Silver Trust in the 4th quarter valued at approximately $28,000. Contravisory Investment Management Inc. acquired a new stake in Sprott Physical Silver Trust in the 3rd quarter worth approximately $32,000. Trust Co. of Vermont acquired a new stake in Sprott Physical Silver Trust in the 2nd quarter worth approximately $39,000. Root Financial Partners LLC purchased a new stake in Sprott Physical Silver Trust during the 1st quarter worth approximately $73,000. Finally, Costello Asset Management INC grew its position in Sprott Physical Silver Trust by 76.5% during the 1st quarter. Costello Asset Management INC now owns 3,000 shares of the exchange traded fund’s stock worth $73,000 after purchasing an additional 1,300 shares during 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. 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.