Sprott Physical Silver Trust (NYSEARCA:PSLV – Get Free Report) saw a large decline in short interest in September. As of September 30th, there was short interest totaling 324,149 shares, a decline of 46.1% from the September 15th total of 601,754 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 6,646,707 shares, the days-to-cover ratio is presently 0.0 days.
Sprott Physical Silver Trust Stock Up 2.9%
PSLV stock traded up $0.53 during trading on Thursday, reaching $18.60. 6,455,078 shares of the stock were exchanged, compared to its average volume of 12,458,302. Sprott Physical Silver Trust has a twelve month low of $15.06 and a twelve month high of $38.13. The firm’s 50 day moving average is $20.94 and its 200 day moving average is $21.73.
Institutional Investors Weigh In On Sprott Physical Silver Trust
Several hedge funds and other institutional investors have recently made changes to their positions in PSLV. Principia Wealth Advisory LLC raised its position in Sprott Physical Silver Trust by 13.5% in the second quarter. Principia Wealth Advisory LLC now owns 4,045 shares of the exchange traded fund’s stock worth $76,000 after acquiring an additional 480 shares during the period. Castleview Partners LLC boosted its stake in shares of Sprott Physical Silver Trust by 2.0% during the 3rd quarter. Castleview Partners LLC now owns 31,710 shares of the exchange traded fund’s stock worth $614,000 after acquiring an additional 620 shares during the last quarter. Beacon Financial Group boosted its stake in shares of Sprott Physical Silver Trust by 2.1% during the 1st quarter. Beacon Financial Group now owns 36,245 shares of the exchange traded fund’s stock worth $884,000 after acquiring an additional 750 shares during the last quarter. Kaizen Financial Strategies grew its position in shares of Sprott Physical Silver Trust by 8.2% during the 1st quarter. Kaizen Financial Strategies now owns 10,600 shares of the exchange traded fund’s stock valued at $271,000 after acquiring an additional 800 shares during the period. Finally, Corient Private Wealth LP grew its position in shares of Sprott Physical Silver Trust by 8.3% during the 2nd quarter. Corient Private Wealth LP now owns 10,601 shares of the exchange traded fund’s stock valued at $200,000 after acquiring an additional 811 shares during the period.
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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