Sprott Physical Gold Trust (NYSEARCA:PHYS) Sees Significant Increase in Short Interest

Sprott Physical Gold Trust (NYSEARCA:PHYS) was the target of a large increase in short interest in December. As of December 15th, there was short interest totaling 1,213,757 shares, an increase of 40.0% from the November 30th total of 866,682 shares. Based on an average trading volume of 3,873,201 shares, the short-interest ratio is currently 0.3 days. Approximately 0.3% of the company’s stock are sold short. Approximately 0.3% of the company’s stock are sold short. Based on an average trading volume of 3,873,201 shares, the short-interest ratio is currently 0.3 days.

Institutional Investors Weigh In On Sprott Physical Gold Trust

A number of institutional investors have recently added to or reduced their stakes in the company. Ameriflex Group Inc. lifted its position in shares of Sprott Physical Gold Trust by 66.7% during the 2nd quarter. Ameriflex Group Inc. now owns 1,000 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 400 shares in the last quarter. Manchester Capital Management LLC purchased a new stake in shares of Sprott Physical Gold Trust during the second quarter valued at approximately $25,000. Tradewinds Capital Management LLC lifted its holdings in Sprott Physical Gold Trust by 59.8% during the second quarter. Tradewinds Capital Management LLC now owns 1,088 shares of the exchange traded fund’s stock worth $28,000 after acquiring an additional 407 shares during the period. MTM Investment Management LLC purchased a new position in Sprott Physical Gold Trust in the second quarter worth $30,000. Finally, Hilltop National Bank bought a new position in Sprott Physical Gold Trust in the 2nd quarter valued at $32,000.

Sprott Physical Gold Trust Stock Down 4.5%

PHYS opened at $33.16 on Tuesday. Sprott Physical Gold Trust has a 1 year low of $19.96 and a 1 year high of $34.83. The firm’s fifty day moving average price is $31.80 and its two-hundred day moving average price is $28.77.

About Sprott Physical Gold Trust

Sprott Physical Gold Trust operates as a closed-end investment trust, which engages in investing and holding all of its assets in physical gold bullion. Its investment objective is to provide a secure, convenient, and exchange-traded investment alternative for investors through investing primarily in long-term holdings of unencumbered, fully allocated, physical gold bullion and will not speculate with regard to short-term changes in gold prices. The company was founded on August 28, 2009 and is headquartered in Toronto, Canada.