Short Interest in Sprott Physical Silver Trust (NYSEARCA:PSLV) Declines By 44.6%

Sprott Physical Silver Trust (NYSEARCA:PSLV) was the recipient of a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 443,618 shares, a decrease of 44.6% from the July 30th total of 800,105 shares. Based on an average daily trading volume, of 7,853,012 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 hedge funds have recently added to or reduced their stakes in PSLV. Mcguire Capital Advisors Inc. purchased a new stake in shares of Sprott Physical Silver Trust in the fourth quarter worth approximately $27,000. Purpose Unlimited Inc. purchased a new position in shares of Sprott Physical Silver Trust during the fourth quarter valued at approximately $28,000. Laurel Wealth Advisors LLC bought a new stake in Sprott Physical Silver Trust during the fourth quarter worth $31,000. Trust Co. of Vermont bought a new stake in Sprott Physical Silver Trust during the second quarter worth $39,000. Finally, Franklin Resources Inc. purchased a new stake in Sprott Physical Silver Trust in the 3rd quarter valued at $39,000.

Sprott Physical Silver Trust Stock Down 4.1%

Shares of NYSEARCA PSLV traded down $0.90 during mid-day trading on Tuesday, reaching $20.98. 6,544,542 shares of the company’s stock traded hands, compared to its average volume of 13,557,761. The business has a 50-day simple moving average of $19.89 and a 200 day simple moving average of $23.06. Sprott Physical Silver Trust has a 1-year low of $13.56 and a 1-year high of $38.13.

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.