Short Interest in Sprott Physical Silver Trust (NYSEARCA:PSLV) Expands By 62.5%

Sprott Physical Silver Trust (NYSEARCA:PSLV) was the recipient of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 639,205 shares, an increase of 62.5% from the May 14th total of 393,241 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 7,576,444 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On Sprott Physical Silver Trust

Several large investors have recently made changes to their positions in the company. NewEdge Advisors LLC increased its stake in shares of 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 purchasing an additional 9,471 shares during the period. Anson Funds Management LP acquired a new stake in shares of Sprott Physical Silver Trust in the first quarter valued at approximately $9,924,000. Centaurus Financial Inc. increased its stake in shares of Sprott Physical Silver Trust by 16.6% in the first quarter. Centaurus Financial Inc. now owns 9,518 shares of the exchange traded fund’s stock valued at $232,000 after purchasing an additional 1,358 shares during the period. Sunbelt Securities Inc. increased its stake in shares of Sprott Physical Silver Trust by 23.5% in the first quarter. Sunbelt Securities Inc. now owns 26,587 shares of the exchange traded fund’s stock valued at $648,000 after purchasing an additional 5,057 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Sprott Physical Silver Trust by 12.6% in the first quarter. EverSource Wealth Advisors LLC now owns 137,018 shares of the exchange traded fund’s stock valued at $3,342,000 after purchasing an additional 15,375 shares during the period.

Sprott Physical Silver Trust Trading Down 3.9%

PSLV opened at $21.47 on Thursday. Sprott Physical Silver Trust has a fifty-two week low of $11.91 and a fifty-two week high of $38.13. The company’s 50-day moving average price is $24.21 and its 200 day moving average price is $25.12.

Sprott Physical Silver Trust Company Profile

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.