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

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

Sprott Physical Silver Trust Price Performance

NYSEARCA:PSLV opened at $22.35 on Wednesday. The business’s fifty day moving average price is $24.26 and its 200 day moving average price is $25.10. Sprott Physical Silver Trust has a 12 month low of $11.91 and a 12 month high of $38.13.

Hedge Funds Weigh In On Sprott Physical Silver Trust

Several large investors have recently bought and sold shares of the stock. Federation des caisses Desjardins du Quebec boosted its stake in Sprott Physical Silver Trust by 4.2% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 17,091,404 shares of the exchange traded fund’s stock valued at $403,725,000 after acquiring an additional 681,981 shares in the last quarter. IMC Chicago LLC boosted its stake in Sprott Physical Silver Trust by 5,217.0% in the first quarter. IMC Chicago LLC now owns 12,853,471 shares of the exchange traded fund’s stock valued at $313,496,000 after acquiring an additional 12,611,729 shares in the last quarter. Jupiter Asset Management Ltd. boosted its stake in Sprott Physical Silver Trust by 29.0% in the third quarter. Jupiter Asset Management Ltd. now owns 9,814,158 shares of the exchange traded fund’s stock valued at $153,560,000 after acquiring an additional 2,203,767 shares in the last quarter. Weiss Asset Management LP acquired a new position in Sprott Physical Silver Trust in the first quarter valued at $199,763,000. Finally, Jane Street Group LLC boosted its stake 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 valued at $70,650,000 after acquiring an additional 3,582,153 shares in the last quarter.

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.