Short Interest in Sprott Physical Silver Trust (NYSEARCA:PSLV) Declines By 42.2%

Sprott Physical Silver Trust (NYSEARCA:PSLVGet Free Report) was the target of a large drop in short interest in June. As of June 15th, there was short interest totaling 369,720 shares, a drop of 42.2% from the May 31st total of 639,205 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 9,520,948 shares, the short-interest ratio is currently 0.0 days.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. ORG Wealth Partners LLC purchased a new position in shares of Sprott Physical Silver Trust in the 4th quarter worth about $25,000. Mcguire Capital Advisors Inc. purchased a new stake in Sprott Physical Silver Trust during the fourth quarter worth about $27,000. Purpose Unlimited Inc. purchased a new stake in Sprott Physical Silver Trust during the fourth quarter worth about $28,000. Strategic Advocates LLC purchased a new position in shares of Sprott Physical Silver Trust during the third quarter valued at approximately $29,000. Finally, Laurel Wealth Advisors LLC bought a new position in shares of Sprott Physical Silver Trust during the fourth quarter valued at approximately $31,000.

Sprott Physical Silver Trust Price Performance

NYSEARCA:PSLV remained flat at $19.45 during mid-day trading on Friday. 7,452,896 shares of the company were exchanged, compared to its average volume of 15,607,897. Sprott Physical Silver Trust has a fifty-two week low of $12.31 and a fifty-two week high of $38.13. The business has a 50 day simple moving average of $22.98 and a 200-day simple moving average of $25.09.

Sprott Physical Silver Trust Company Profile

(Get Free Report)

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.

Further Reading

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