Sprott Physical Silver Trust (NYSEARCA:PSLV) Short Interest Down 42.2% in June

Sprott Physical Silver Trust (NYSEARCA:PSLV) was the target of a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 369,720 shares, a decline of 42.2% from the May 31st total of 639,205 shares. Based on an average daily volume of 9,520,948 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Trading of Sprott Physical Silver Trust

A number of hedge funds have recently bought and sold shares of PSLV. Enclave Advisors LLC bought a new stake in Sprott Physical Silver Trust in the fourth quarter worth about $4,795,000. JPMorgan Chase & Co. grew its position in shares of Sprott Physical Silver Trust by 25.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 145,990 shares of the exchange traded fund’s stock valued at $2,292,000 after acquiring an additional 30,062 shares during the period. Beaumont Financial Advisors LLC grew its position in shares of Sprott Physical Silver Trust by 24.0% during the 4th quarter. Beaumont Financial Advisors LLC now owns 134,878 shares of the exchange traded fund’s stock valued at $3,190,000 after acquiring an additional 26,125 shares during the period. SeaCrest Wealth Management LLC increased its stake in shares of Sprott Physical Silver Trust by 153.5% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 276,931 shares of the exchange traded fund’s stock worth $4,556,000 after purchasing an additional 167,697 shares during the last quarter. Finally, WIT Partners Advisory Pte. Ltd. grew its holdings in Sprott Physical Silver Trust by 61.8% during the fourth quarter. WIT Partners Advisory Pte. Ltd. now owns 847,792 shares of the exchange traded fund’s stock valued at $19,048,000 after purchasing an additional 323,722 shares during the period.

Sprott Physical Silver Trust Trading Up 0.1%

PSLV stock traded up $0.01 during trading on Wednesday, reaching $18.88. The stock had a trading volume of 5,866,061 shares, compared to its average volume of 15,673,478. Sprott Physical Silver Trust has a one year low of $12.31 and a one year high of $38.13. The company’s 50 day moving average is $23.21 and its two-hundred day moving average is $25.11.

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.