Sprott Physical Silver Trust (NYSEARCA:PSLV) Sees Large Decline in Short Interest

Sprott Physical Silver Trust (NYSEARCA:PSLV) was the target of a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 393,241 shares, a decline of 37.0% from the April 30th total of 624,047 shares. Based on an average daily trading volume, of 10,656,883 shares, the short-interest ratio is currently 0.0 days. Currently, 0.1% of the shares of the company are sold short.

Sprott Physical Silver Trust Stock Up 0.9%

NYSEARCA PSLV opened at $23.44 on Friday. Sprott Physical Silver Trust has a one year low of $11.77 and a one year high of $38.13. The company has a 50-day simple moving average of $24.55 and a 200-day simple moving average of $24.84.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. NewEdge Advisors LLC lifted its stake in Sprott Physical Silver Trust by 7.7% in the first quarter. NewEdge Advisors LLC now owns 132,614 shares of the exchange traded fund’s stock valued at $3,234,000 after buying an additional 9,471 shares during the last quarter. Anson Funds Management LP bought a new position in shares of Sprott Physical Silver Trust during the first quarter worth about $9,924,000. Centaurus Financial Inc. increased its holdings in shares of Sprott Physical Silver Trust by 16.6% in the 1st quarter. Centaurus Financial Inc. now owns 9,518 shares of the exchange traded fund’s stock worth $232,000 after acquiring an additional 1,358 shares during the period. Sunbelt Securities Inc. increased its holdings in shares of Sprott Physical Silver Trust by 23.5% in the 1st quarter. Sunbelt Securities Inc. now owns 26,587 shares of the exchange traded fund’s stock worth $648,000 after acquiring an additional 5,057 shares during the period. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Sprott Physical Silver Trust by 12.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 137,018 shares of the exchange traded fund’s stock worth $3,342,000 after acquiring an additional 15,375 shares during the period.

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.