Sprott Physical Silver Trust (NYSEARCA:PSLV) Sees Strong Trading Volume – Here’s What Happened

Shares of Sprott Physical Silver Trust (NYSEARCA:PSLVGet Free Report) saw an uptick in trading volume on Wednesday . 19,673,496 shares were traded during trading, an increase of 275% from the previous session’s volume of 5,253,106 shares.The stock last traded at $9.95 and had previously closed at $10.21.

Sprott Physical Silver Trust Stock Performance

The business’s 50-day moving average is $10.64 and its 200-day moving average is $10.26.

Hedge Funds Weigh In On Sprott Physical Silver Trust

Hedge funds have recently bought and sold shares of the company. Capital Investment Advisors LLC lifted its position in Sprott Physical Silver Trust by 4.8% in the 3rd quarter. Capital Investment Advisors LLC now owns 21,994 shares of the exchange traded fund’s stock valued at $230,000 after acquiring an additional 1,008 shares in the last quarter. Sigma Planning Corp raised its stake in shares of Sprott Physical Silver Trust by 1.3% in the third quarter. Sigma Planning Corp now owns 97,404 shares of the exchange traded fund’s stock worth $1,018,000 after purchasing an additional 1,234 shares during the last quarter. Islay Capital Management LLC lifted its holdings in shares of Sprott Physical Silver Trust by 2.3% during the third quarter. Islay Capital Management LLC now owns 58,924 shares of the exchange traded fund’s stock valued at $616,000 after purchasing an additional 1,300 shares in the last quarter. Rockport Wealth LLC boosted its position in shares of Sprott Physical Silver Trust by 2.0% during the second quarter. Rockport Wealth LLC now owns 78,975 shares of the exchange traded fund’s stock valued at $784,000 after buying an additional 1,525 shares during the last quarter. Finally, Oxbow Advisors LLC increased its holdings in Sprott Physical Silver Trust by 4.4% in the 3rd quarter. Oxbow Advisors LLC now owns 42,869 shares of the exchange traded fund’s stock worth $448,000 after buying an additional 1,791 shares in the last quarter.

About Sprott Physical Silver Trust

(Get Free Report)

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.

Further Reading

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