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

Sprott Physical Silver Trust (NYSEARCA:PSLV) was the recipient of a large increase in short interest during the month of 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 daily trading volume, of 8,028,419 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s stock are short sold.

Hedge Funds Weigh In On Sprott Physical Silver Trust

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

Sprott Physical Silver Trust Stock Down 2.1%

Shares of NYSEARCA:PSLV opened at $20.97 on Friday. The business’s 50-day moving average is $19.70 and its 200 day moving average is $23.67. Sprott Physical Silver Trust has a 1 year low of $12.61 and a 1 year high of $38.13.

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.