Sprott Physical Silver Trust (NYSEARCA:PSLV) Sees Large Volume Increase – Still a Buy?

Shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) saw an uptick in trading volume on Wednesday . 14,200,176 shares were traded during mid-day trading, an increase of 47% from the previous session’s volume of 9,688,699 shares.The stock last traded at $11.04 and had previously closed at $10.76.

Sprott Physical Silver Trust Price Performance

The firm has a 50 day moving average price of $10.43 and a 200 day moving average price of $10.43.

Hedge Funds Weigh In On Sprott Physical Silver Trust

Several large investors have recently added to or reduced their stakes in the company. Jane Street Group LLC lifted its stake in shares of Sprott Physical Silver Trust by 122.4% during the 4th quarter. Jane Street Group LLC now owns 4,171,642 shares of the exchange traded fund’s stock valued at $40,256,000 after buying an additional 2,296,233 shares in the last quarter. Wealthcare Capital Management LLC raised its holdings in Sprott Physical Silver Trust by 3.7% during the fourth quarter. Wealthcare Capital Management LLC now owns 4,108,300 shares of the exchange traded fund’s stock valued at $39,645,000 after acquiring an additional 148,402 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Sprott Physical Silver Trust in the fourth quarter valued at about $25,348,000. Capital Wealth Alliance LLC boosted its stake in shares of Sprott Physical Silver Trust by 6.5% in the fourth quarter. Capital Wealth Alliance LLC now owns 2,432,372 shares of the exchange traded fund’s stock worth $23,473,000 after acquiring an additional 149,161 shares during the period. Finally, LPL Financial LLC raised its stake in Sprott Physical Silver Trust by 34.1% during the 4th quarter. LPL Financial LLC now owns 2,163,984 shares of the exchange traded fund’s stock valued at $20,882,000 after purchasing an additional 549,862 shares during the period.

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.