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

Sprott Physical Silver Trust (NYSEARCA:PSLV) shares saw an uptick in trading volume on Tuesday . 11,899,143 shares traded hands 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 Stock Performance

The stock has a 50 day moving average of $10.50 and a 200 day moving average of $10.45.

Institutional Investors Weigh In On Sprott Physical Silver Trust

Several hedge funds and other institutional investors have recently modified their holdings of the stock. First Horizon Advisors Inc. acquired a new position in Sprott Physical Silver Trust in the 3rd quarter valued at approximately $32,000. Millstone Evans Group LLC bought a new stake in shares of Sprott Physical Silver Trust during the fourth quarter worth $58,000. US Bancorp DE lifted its holdings in shares of Sprott Physical Silver Trust by 21.6% during the 4th 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 acquired a new position in Sprott Physical Silver Trust during the 4th quarter worth approximately $80,000. Finally, Rehmann Capital Advisory Group acquired a new position in Sprott Physical Silver Trust during the fourth quarter valued at approximately $100,000.

Sprott Physical Silver Trust Company Profile

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.