Sprott Physical Silver Trust (NYSEARCA:PSLV) Shares Shorted: Short Interest Down 46.1% in September

Sprott Physical Silver Trust (NYSEARCA:PSLV) was the target of a significant drop in short interest during the month of 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 company are sold short. Based on an average daily volume of 6,646,707 shares, the short-interest ratio is currently 0.0 days.

Sprott Physical Silver Trust Trading Down 5.1%

Shares of Sprott Physical Silver Trust stock traded down $0.99 during trading hours on Wednesday, reaching $18.38. 1,214,312 shares of the stock traded hands, compared to its average volume of 12,420,958. Sprott Physical Silver Trust has a one year low of $15.06 and a one year high of $38.13. The company has a 50 day moving average price of $21.01 and a 200 day moving average price of $21.79.

Hedge Funds Weigh In On Sprott Physical Silver Trust

A number of institutional investors and hedge funds have recently made changes to their positions in the business. WIT Partners Advisory Pte. Ltd. boosted its holdings in Sprott Physical Silver Trust by 24.9% in the 2nd quarter. WIT Partners Advisory Pte. Ltd. now owns 1,258,030 shares of the exchange traded fund’s stock worth $23,739,000 after buying an additional 250,473 shares during the period. Asset One Wealth Management LLC purchased a new position in Sprott Physical Silver Trust in the fourth quarter worth about $16,792,000. Kestra Advisory Services LLC boosted its holdings in shares of Sprott Physical Silver Trust by 5.2% in the 1st quarter. Kestra Advisory Services LLC now owns 1,665,146 shares of the exchange traded fund’s stock worth $40,613,000 after purchasing an additional 81,917 shares during the period. Janney Montgomery Scott LLC increased its position in Sprott Physical Silver Trust by 192.9% during the first quarter. Janney Montgomery Scott LLC now owns 112,397 shares of the exchange traded fund’s stock valued at $2,741,000 after acquiring an additional 74,022 shares during the last quarter. Finally, International Assets Investment Management LLC grew its holdings in Sprott Physical Silver Trust by 12.3% during the 1st quarter. International Assets Investment Management LLC now owns 496,290 shares of the exchange traded fund’s stock valued at $12,129,000 after purchasing an additional 54,523 shares during the last quarter.

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.