Sprott Physical Silver Trust (NYSEARCA:PSLV) Short Interest Update

Sprott Physical Silver Trust (NYSEARCA:PSLV) was the recipient of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 369,720 shares, a drop of 42.2% from the May 31st total of 639,205 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 9,520,948 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. IMC Chicago LLC raised its holdings in shares of 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 worth $313,496,000 after acquiring an additional 12,611,729 shares during the last quarter. Weiss Asset Management LP purchased a new position in Sprott Physical Silver Trust in the first quarter valued at about $199,763,000. Jane Street Group LLC lifted its position in Sprott Physical Silver Trust by 163.6% during the 2nd quarter. Jane Street Group LLC now owns 5,772,074 shares of the exchange traded fund’s stock worth $70,650,000 after acquiring an additional 3,582,153 shares in the last quarter. Alps Advisors Inc. grew its position in Sprott Physical Silver Trust by 76.5% in the fourth quarter. Alps Advisors Inc. now owns 5,387,630 shares of the exchange traded fund’s stock valued at $127,417,000 after acquiring an additional 2,334,928 shares in the last quarter. Finally, Hatch Cove Capital LLC purchased a new stake in shares of Sprott Physical Silver Trust during the fourth quarter valued at approximately $18,705,000.

Sprott Physical Silver Trust Price Performance

Shares of PSLV stock traded up $0.57 on Thursday, hitting $19.45. The stock had a trading volume of 7,452,896 shares, compared to its average volume of 15,607,897. The company’s 50 day moving average price is $22.98 and its 200-day moving average price is $25.09. Sprott Physical Silver Trust has a 1 year low of $12.31 and a 1 year high of $38.13.

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.