Sprott Physical Silver Trust (NYSEARCA:PSLV) Sees Unusually-High Trading Volume – What’s Next?

Sprott Physical Silver Trust (NYSEARCA:PSLV) shares saw unusually-strong trading volume on Monday . Approximately 14,865,280 shares changed hands during trading, an increase of 34% from the previous session’s volume of 11,131,962 shares.The stock last traded at $11.55 and had previously closed at $11.53.

Sprott Physical Silver Trust Stock Performance

The business has a 50-day simple moving average of $10.65 and a two-hundred day simple moving average of $10.49.

Institutional Investors Weigh In On Sprott Physical Silver Trust

A number of institutional investors and hedge funds have recently made changes to their positions in PSLV. XTX Topco Ltd bought a new stake in Sprott Physical Silver Trust in the 3rd quarter valued at $293,000. Stratos Wealth Partners LTD. raised its stake in Sprott Physical Silver Trust by 8.0% in the 4th quarter. Stratos Wealth Partners LTD. now owns 115,222 shares of the exchange traded fund’s stock valued at $1,112,000 after acquiring an additional 8,500 shares during the period. Walleye Capital LLC bought a new stake in Sprott Physical Silver Trust in the 3rd quarter valued at $1,086,000. Allworth Financial LP raised its stake in Sprott Physical Silver Trust by 3,565.3% in the 4th quarter. Allworth Financial LP now owns 78,805 shares of the exchange traded fund’s stock valued at $816,000 after acquiring an additional 76,655 shares during the period. Finally, First Horizon Advisors Inc. bought a new stake in Sprott Physical Silver Trust in the 3rd quarter valued at $32,000.

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.