Short Interest in Sprott Physical Silver Trust (NYSEARCA:PSLV) Expands By 62.5%

Sprott Physical Silver Trust (NYSEARCA:PSLV) was the recipient of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 639,205 shares, a growth of 62.5% from the May 14th total of 393,241 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 7,576,444 shares, the short-interest ratio is currently 0.1 days.

Sprott Physical Silver Trust Trading Up 3.8%

Sprott Physical Silver Trust stock opened at $22.38 on Tuesday. Sprott Physical Silver Trust has a twelve month low of $11.91 and a twelve month high of $38.13. The company has a 50 day moving average of $24.28 and a 200-day moving average of $25.06.

Institutional Investors Weigh In On Sprott Physical Silver Trust

Several institutional investors have recently added to or reduced their stakes in PSLV. TKG Advisors LLC boosted its stake in Sprott Physical Silver Trust by 3.0% in the 4th quarter. TKG Advisors LLC now owns 12,363 shares of the exchange traded fund’s stock worth $292,000 after purchasing an additional 356 shares during the period. Sunbelt Securities Inc. lifted its holdings in shares of Sprott Physical Silver Trust by 2.0% in the fourth quarter. Sunbelt Securities Inc. now owns 21,530 shares of the exchange traded fund’s stock valued at $509,000 after purchasing an additional 432 shares in the last quarter. Latitude Advisors LLC boosted its position in shares of Sprott Physical Silver Trust by 1.5% during the fourth quarter. Latitude Advisors LLC now owns 34,469 shares of the exchange traded fund’s stock worth $815,000 after buying an additional 500 shares during the period. Crane Advisory LLC boosted its position in shares of Sprott Physical Silver Trust by 5.2% during the fourth quarter. Crane Advisory LLC now owns 10,969 shares of the exchange traded fund’s stock worth $259,000 after buying an additional 538 shares during the period. Finally, Wedbush Securities Inc. grew its holdings in shares of Sprott Physical Silver Trust by 2.3% during the fourth quarter. Wedbush Securities Inc. now owns 24,549 shares of the exchange traded fund’s stock worth $581,000 after buying an additional 550 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.