Sprott Physical Silver Trust (NYSEARCA:PSLV) Sees Unusually-High Trading Volume – What’s Next?

Shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) saw an uptick in trading volume on Tuesday . 11,899,143 shares were traded during mid-day trading, an increase of 14% from the previous session’s volume of 10,423,067 shares.The stock last traded at $11.08 and had previously closed at $10.86.

Sprott Physical Silver Trust Price Performance

The business has a 50 day moving average of $10.59 and a 200 day moving average of $10.47.

Institutional Trading of Sprott Physical Silver Trust

Hedge funds and other institutional investors have recently made changes to their positions in the business. First Horizon Advisors Inc. acquired a new position in shares of Sprott Physical Silver Trust during the third quarter valued at $32,000. Millstone Evans Group LLC bought a new stake in shares of Sprott Physical Silver Trust in the 4th quarter valued at about $58,000. US Bancorp DE increased its stake in Sprott Physical Silver Trust by 21.6% in the fourth quarter. US Bancorp DE now owns 7,050 shares of the exchange traded fund’s stock valued at $68,000 after purchasing an additional 1,250 shares in the last quarter. FNY Investment Advisers LLC bought a new stake in shares of Sprott Physical Silver Trust in the 4th quarter valued at $80,000. Finally, Rehmann Capital Advisory Group bought a new stake in shares of Sprott Physical Silver Trust in the fourth quarter worth about $100,000.

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.