Sprott Physical Silver Trust (NYSEARCA:PSLV) Sees Significant Decrease in Short Interest

Sprott Physical Silver Trust (NYSEARCA:PSLV) was the recipient of a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 393,241 shares, a decline of 37.0% from the April 30th total of 624,047 shares. Based on an average daily trading volume, of 10,656,883 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.1% of the company’s stock are sold short.

Sprott Physical Silver Trust Stock Performance

Shares of PSLV stock opened at $23.23 on Thursday. Sprott Physical Silver Trust has a 1-year low of $11.55 and a 1-year high of $38.13. The stock’s fifty day moving average price is $24.54 and its 200 day moving average price is $24.79.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. ORG Wealth Partners LLC purchased a new position in Sprott Physical Silver Trust during the 4th quarter worth $25,000. Mcguire Capital Advisors Inc. acquired a new stake in Sprott Physical Silver Trust during the 4th quarter worth about $27,000. Purpose Unlimited Inc. acquired a new stake in Sprott Physical Silver Trust during the 4th quarter worth about $28,000. Strategic Advocates LLC acquired a new stake in Sprott Physical Silver Trust during the 3rd quarter worth about $29,000. Finally, Laurel Wealth Advisors LLC acquired a new stake in Sprott Physical Silver Trust during the 4th quarter worth about $31,000.

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.