Sprott Physical Silver Trust (NYSEARCA:PSLV) Sees Unusually-High Trading Volume

Shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) saw an uptick in trading volume on Tuesday . 9,771,582 shares traded hands during mid-day trading, an increase of 135% from the previous session’s volume of 4,162,710 shares.The stock last traded at $10.79 and had previously closed at $10.35.

Sprott Physical Silver Trust Trading Up 4.7 %

The company has a fifty day moving average price of $9.87 and a 200-day moving average price of $9.66.

Institutional Trading of Sprott Physical Silver Trust

Several hedge funds have recently made changes to their positions in PSLV. Parsons Capital Management Inc. RI raised its position in Sprott Physical Silver Trust by 0.3% during the second quarter. Parsons Capital Management Inc. RI now owns 348,916 shares of the exchange traded fund’s stock valued at $3,465,000 after purchasing an additional 1,000 shares during the period. Capital Investment Advisors LLC raised its holdings in Sprott Physical Silver Trust by 7.7% during the 2nd quarter. Capital Investment Advisors LLC now owns 20,986 shares of the exchange traded fund’s stock valued at $208,000 after buying an additional 1,506 shares during the period. Rockport Wealth LLC boosted its stake in 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 worth $784,000 after buying an additional 1,525 shares during the period. Synergy Asset Management LLC boosted its stake in Sprott Physical Silver Trust by 18.6% during the second quarter. Synergy Asset Management LLC now owns 12,977 shares of the exchange traded fund’s stock worth $129,000 after buying an additional 2,035 shares during the period. Finally, Janney Montgomery Scott LLC increased its position in Sprott Physical Silver Trust by 0.5% during the first quarter. Janney Montgomery Scott LLC now owns 571,687 shares of the exchange traded fund’s stock valued at $4,739,000 after acquiring an additional 2,562 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.