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

Sprott Physical Silver Trust (NYSEARCA:PSLV) was the recipient of a large decline in short interest in 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. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 7,853,012 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of Sprott Physical Silver Trust

Hedge funds have recently modified their holdings of the company. NewEdge Advisors LLC raised its stake in shares of Sprott Physical Silver Trust by 23.2% during the 1st quarter. NewEdge Advisors LLC now owns 67,917 shares of the exchange traded fund’s stock worth $788,000 after acquiring an additional 12,810 shares in the last quarter. Cerity Partners LLC boosted its stake in Sprott Physical Silver Trust by 5.2% in the second quarter. Cerity Partners LLC now owns 102,908 shares of the exchange traded fund’s stock valued at $1,260,000 after acquiring an additional 5,081 shares in the last quarter. Ausdal Financial Partners Inc. boosted its stake in Sprott Physical Silver Trust by 24.0% in the second quarter. Ausdal Financial Partners Inc. now owns 74,872 shares of the exchange traded fund’s stock valued at $916,000 after acquiring an additional 14,484 shares in the last quarter. Jane Street Group LLC grew its holdings in Sprott Physical Silver Trust by 163.6% in the second quarter. Jane Street Group LLC now owns 5,772,074 shares of the exchange traded fund’s stock worth $70,650,000 after purchasing an additional 3,582,153 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in Sprott Physical Silver Trust by 4.7% in the second quarter. Bank of America Corp DE now owns 465,112 shares of the exchange traded fund’s stock worth $5,693,000 after purchasing an additional 20,856 shares during the last quarter.

Sprott Physical Silver Trust Trading Down 4.6%

Shares of NYSEARCA PSLV traded down $1.06 during mid-day trading on Friday, reaching $21.84. 14,447,760 shares of the company were exchanged, compared to its average volume of 13,649,547. Sprott Physical Silver Trust has a 1 year low of $13.20 and a 1 year high of $38.13. The firm has a 50-day moving average of $19.87 and a 200 day moving average of $23.12.

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.