Sprott Physical Silver Trust (NYSEARCA:PSLV) Short Interest Down 44.6% in August

Sprott Physical Silver Trust (NYSEARCA:PSLV) was the recipient of a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 443,618 shares, a decline of 44.6% from the July 30th total of 800,105 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 7,853,012 shares, the days-to-cover ratio is presently 0.1 days.

Sprott Physical Silver Trust Stock Performance

PSLV stock traded down $1.06 during midday trading on Friday, reaching $21.84. The stock had a trading volume of 14,447,760 shares, compared to its average volume of 13,649,547. The firm has a fifty day simple moving average of $19.87 and a two-hundred day simple moving average of $23.12. Sprott Physical Silver Trust has a 52-week low of $13.20 and a 52-week high of $38.13.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Corient Private Wealth LP raised its stake in shares of Sprott Physical Silver Trust by 8.3% in the second quarter. Corient Private Wealth LP now owns 10,601 shares of the exchange traded fund’s stock worth $200,000 after purchasing an additional 811 shares during the last quarter. Principia Wealth Advisory LLC lifted its holdings in shares of Sprott Physical Silver Trust by 13.5% during the second quarter. Principia Wealth Advisory LLC now owns 4,045 shares of the exchange traded fund’s stock worth $76,000 after purchasing an additional 480 shares during the period. Guardian Wealth Advisors LLC NC boosted its position in Sprott Physical Silver Trust by 8.3% in the second quarter. Guardian Wealth Advisors LLC NC now owns 123,593 shares of the exchange traded fund’s stock valued at $2,332,000 after buying an additional 9,467 shares during the last quarter. Unique Wealth LLC purchased a new stake in Sprott Physical Silver Trust in the second quarter valued at approximately $413,000. Finally, Compass Financial Management LLC purchased a new stake in Sprott Physical Silver Trust in the second quarter valued at approximately $292,000.

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.