Sprott Physical Silver Trust (NYSEARCA:PSLV) Short Interest Down 37.0% in May

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

Sprott Physical Silver Trust Stock Up 0.5%

Shares of NYSEARCA PSLV opened at $23.89 on Wednesday. The firm’s 50-day moving average is $24.48 and its two-hundred day moving average is $24.71. Sprott Physical Silver Trust has a 12-month low of $11.43 and a 12-month high of $38.13.

Hedge Funds Weigh In On Sprott Physical Silver Trust

A number of institutional investors have recently modified their holdings of the company. ORG Wealth Partners LLC acquired a new position in Sprott Physical Silver Trust in the 4th quarter valued at $25,000. Mcguire Capital Advisors Inc. acquired a new position in shares of Sprott Physical Silver Trust during the 4th quarter valued at about $27,000. Purpose Unlimited Inc. purchased a new position in shares of Sprott Physical Silver Trust during the 4th quarter worth about $28,000. Strategic Advocates LLC purchased a new position in shares of Sprott Physical Silver Trust during the 3rd quarter worth about $29,000. Finally, Laurel Wealth Advisors LLC acquired a new stake in shares of Sprott Physical Silver Trust in the fourth quarter worth approximately $31,000.

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.