Sprott Physical Silver Trust (NYSEARCA:PSLV) Stock Short Interest Report for September

Sprott Physical Silver Trust (NYSEARCA:PSLV) was the target of a significant drop in short interest in September. As of September 30th, there was short interest totaling 324,149 shares, a drop of 46.1% from the September 15th total of 601,754 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 6,646,707 shares, the days-to-cover ratio is presently 0.0 days.

Hedge Funds Weigh In On Sprott Physical Silver Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PSLV. IMC Chicago LLC raised its holdings in shares of Sprott Physical Silver Trust by 5,217.0% during the 1st quarter. IMC Chicago LLC now owns 12,853,471 shares of the exchange traded fund’s stock worth $313,496,000 after acquiring an additional 12,611,729 shares during the period. Weiss Asset Management LP purchased a new stake in shares of Sprott Physical Silver Trust in the first quarter valued at about $199,763,000. Kestra Advisory Services LLC grew its holdings in shares of Sprott Physical Silver Trust by 5.2% in the first quarter. Kestra Advisory Services LLC now owns 1,665,146 shares of the exchange traded fund’s stock valued at $40,613,000 after purchasing an additional 81,917 shares during the period. WIT Partners Advisory Pte. Ltd. increased its position in Sprott Physical Silver Trust by 18.8% during the first quarter. WIT Partners Advisory Pte. Ltd. now owns 1,007,557 shares of the exchange traded fund’s stock worth $24,574,000 after purchasing an additional 159,765 shares during the last quarter. Finally, World Investment Advisors increased its position in Sprott Physical Silver Trust by 12.8% during the first quarter. World Investment Advisors now owns 1,003,630 shares of the exchange traded fund’s stock worth $24,479,000 after purchasing an additional 113,690 shares during the last quarter.

Sprott Physical Silver Trust Trading Down 0.6%

PSLV stock traded down $0.12 during midday trading on Friday, reaching $18.48. The stock had a trading volume of 3,097,419 shares, compared to its average volume of 12,411,356. Sprott Physical Silver Trust has a 52-week low of $15.06 and a 52-week high of $38.13. The company’s fifty day simple moving average is $20.94 and its 200 day simple moving average is $21.73.

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.