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

Shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) saw unusually-high trading volume on Wednesday . Approximately 19,673,496 shares traded hands 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 Price Performance

The company has a 50-day moving average price of $10.64 and a 200 day moving average price of $10.26.

Hedge Funds Weigh In On Sprott Physical Silver Trust

Hedge funds have recently modified their holdings of the stock. Capital Investment Advisors LLC increased its holdings 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 during the last quarter. Sigma Planning Corp increased its holdings 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 position in shares of Sprott Physical Silver Trust by 2.3% in the third quarter. Islay Capital Management LLC now owns 58,924 shares of the exchange traded fund’s stock worth $616,000 after buying an additional 1,300 shares in the last quarter. 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 valued at $784,000 after buying an additional 1,525 shares during the last quarter. Finally, Oxbow Advisors LLC grew its holdings in Sprott Physical Silver Trust by 4.4% during the 3rd quarter. Oxbow Advisors LLC now owns 42,869 shares of the exchange traded fund’s stock valued at $448,000 after buying an additional 1,791 shares in the last quarter.

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.