Sprott Physical Silver Trust (NYSEARCA:PSLV – Get Free Report) was the target of a large increase in short interest in 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 trading volume of 8,028,419 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the shares of the stock are short sold.
Sprott Physical Silver Trust Stock Performance
NYSEARCA PSLV traded up $0.11 on Friday, reaching $21.08. The company’s stock had a trading volume of 2,786,852 shares, compared to its average volume of 14,024,957. Sprott Physical Silver Trust has a 52 week low of $12.61 and a 52 week high of $38.13. The business has a 50-day moving average price of $19.70 and a 200 day moving average price of $23.65.
Institutional Investors Weigh In On Sprott Physical Silver Trust
Several large investors have recently modified their holdings of the stock. Ignite Planners LLC acquired a new position in Sprott Physical Silver Trust during the fourth quarter worth $512,000. WIT Partners Advisory Pte. Ltd. lifted its holdings in shares of Sprott Physical Silver Trust by 61.8% during the fourth quarter. WIT Partners Advisory Pte. Ltd. now owns 847,792 shares of the exchange traded fund’s stock valued at $19,048,000 after acquiring an additional 323,722 shares during the period. K.J. Harrison & Partners Inc boosted its stake in shares of Sprott Physical Silver Trust by 64.4% in the 4th quarter. K.J. Harrison & Partners Inc now owns 713,622 shares of the exchange traded fund’s stock valued at $16,927,000 after purchasing an additional 279,665 shares in the last quarter. International Assets Investment Management LLC boosted its stake in shares of Sprott Physical Silver Trust by 89.0% in the 4th quarter. International Assets Investment Management LLC now owns 441,767 shares of the exchange traded fund’s stock valued at $10,448,000 after purchasing an additional 207,976 shares in the last quarter. Finally, Proactive Wealth Strategies LLC boosted its stake in shares of Sprott Physical Silver Trust by 10.3% in the 4th quarter. Proactive Wealth Strategies LLC now owns 285,771 shares of the exchange traded fund’s stock valued at $6,758,000 after purchasing an additional 26,711 shares in the last quarter.
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.
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