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

Shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) saw unusually-high trading volume on Friday . Approximately 4,350,441 shares were traded during mid-day trading, an increase of 10% from the previous session’s volume of 3,969,713 shares.The stock last traded at $10.06 and had previously closed at $9.90.

Sprott Physical Silver Trust Stock Up 2.4 %

The stock has a fifty day simple moving average of $9.96 and a 200 day simple moving average of $9.28.

Institutional Investors Weigh In On Sprott Physical Silver Trust

A number of large investors have recently added to or reduced their stakes in the stock. Jupiter Asset Management Ltd. boosted its stake in shares of Sprott Physical Silver Trust by 7.4% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 5,295,014 shares of the exchange traded fund’s stock worth $52,579,000 after buying an additional 362,573 shares during the last quarter. Jane Street Group LLC increased its position in Sprott Physical Silver Trust by 5.8% during the first quarter. Jane Street Group LLC now owns 2,710,012 shares of the exchange traded fund’s stock valued at $22,466,000 after acquiring an additional 148,378 shares during the last quarter. Capital Wealth Alliance LLC lifted its holdings in Sprott Physical Silver Trust by 5.7% in the second quarter. Capital Wealth Alliance LLC now owns 2,187,223 shares of the exchange traded fund’s stock valued at $21,717,000 after acquiring an additional 118,657 shares during the period. Raymond James & Associates grew its stake in shares of Sprott Physical Silver Trust by 8.2% during the 2nd quarter. Raymond James & Associates now owns 2,066,818 shares of the exchange traded fund’s stock valued at $20,524,000 after purchasing an additional 156,501 shares during the period. Finally, Flow Traders U.S. LLC increased its position in shares of Sprott Physical Silver Trust by 79.9% during the 1st quarter. Flow Traders U.S. LLC now owns 1,562,102 shares of the exchange traded fund’s stock valued at $12,950,000 after purchasing an additional 693,988 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.