Sprott Physical Silver Trust (NYSEARCA:PSLV) Sees Strong Trading Volume – Still a Buy?

Sprott Physical Silver Trust (NYSEARCA:PSLV) saw an uptick in trading volume on Monday . 14,762,393 shares were traded during trading, an increase of 17% from the previous session’s volume of 12,595,565 shares.The stock last traded at $11.52 and had previously closed at $11.58.

Sprott Physical Silver Trust Stock Down 0.7 %

The stock has a fifty day simple moving average of $10.99 and a 200 day simple moving average of $10.64.

Hedge Funds Weigh In On Sprott Physical Silver Trust

A number of hedge funds have recently bought and sold shares of the business. XTX Topco Ltd bought a new stake in shares of Sprott Physical Silver Trust in the third quarter worth approximately $293,000. Stratos Wealth Partners LTD. boosted its holdings in Sprott Physical Silver Trust by 8.0% in the fourth quarter. Stratos Wealth Partners LTD. now owns 115,222 shares of the exchange traded fund’s stock worth $1,112,000 after purchasing an additional 8,500 shares during the last quarter. Independent Advisor Alliance purchased a new stake in Sprott Physical Silver Trust during the 4th quarter valued at $144,000. Walleye Capital LLC bought a new position in shares of Sprott Physical Silver Trust during the 3rd quarter valued at $1,086,000. Finally, Allworth Financial LP boosted its stake in shares of Sprott Physical Silver Trust by 3,565.3% in the 4th quarter. Allworth Financial LP now owns 78,805 shares of the exchange traded fund’s stock worth $816,000 after buying an additional 76,655 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.