Short Interest in Sprott Physical Silver Trust (NYSEARCA:PSLV) Rises By 149.7%

Sprott Physical Silver Trust (NYSEARCA:PSLV) saw a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 800,105 shares, an increase of 149.7% from the July 15th total of 320,442 shares. Based on an average daily volume of 8,028,419 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s stock are short sold.

Institutional Trading of Sprott Physical Silver Trust

A number of hedge funds have recently made changes to their positions in PSLV. Compass Financial Management LLC acquired a new stake in shares of Sprott Physical Silver Trust during the second quarter worth approximately $292,000. Trust Co. of Vermont purchased a new stake in Sprott Physical Silver Trust in the 2nd quarter worth approximately $39,000. Professional Advisory Services Inc. lifted its position in Sprott Physical Silver Trust by 8.9% in the 2nd quarter. Professional Advisory Services Inc. now owns 12,295 shares of the exchange traded fund’s stock worth $232,000 after buying an additional 1,000 shares in the last quarter. Evanson Financial LLC acquired a new stake in shares of Sprott Physical Silver Trust during the 2nd quarter valued at $855,000. Finally, 180 Wealth Advisors LLC boosted its stake in shares of Sprott Physical Silver Trust by 70.0% during the 2nd quarter. 180 Wealth Advisors LLC now owns 29,555 shares of the exchange traded fund’s stock valued at $558,000 after buying an additional 12,172 shares during the period.

Sprott Physical Silver Trust Stock Performance

PSLV opened at $21.08 on Friday. The stock has a fifty day moving average of $19.70 and a 200-day moving average of $23.65. Sprott Physical Silver Trust has a 12-month low of $12.61 and a 12-month high of $38.13.

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.