Short Interest in Sprott Physical Platinum & Palladium Tr (NYSEARCA:SPPP) Drops By 44.7%

Sprott Physical Platinum & Palladium Tr (NYSEARCA:SPPP) was the target of a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 67,965 shares, a decrease of 44.7% from the July 30th total of 122,802 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 769,745 shares, the short-interest ratio is currently 0.1 days.

Sprott Physical Platinum & Palladium Tr Trading Up 0.7%

Shares of Sprott Physical Platinum & Palladium Tr stock traded up $0.10 on Friday, reaching $14.95. 1,095,374 shares of the stock were exchanged, compared to its average volume of 784,398. Sprott Physical Platinum & Palladium Tr has a twelve month low of $11.87 and a twelve month high of $23.81. The business has a 50 day moving average price of $13.51 and a two-hundred day moving average price of $15.01.

Institutional Trading of Sprott Physical Platinum & Palladium Tr

Institutional investors and hedge funds have recently bought and sold shares of the business. Cetera Investment Advisers raised its position in Sprott Physical Platinum & Palladium Tr by 5.3% during the second quarter. Cetera Investment Advisers now owns 18,549 shares of the company’s stock valued at $218,000 after acquiring an additional 940 shares in the last quarter. Pettinga Financial Advisors LLC boosted its position in Sprott Physical Platinum & Palladium Tr by 13.2% in the 2nd quarter. Pettinga Financial Advisors LLC now owns 18,400 shares of the company’s stock worth $229,000 after purchasing an additional 2,150 shares in the last quarter. AdvisorNet Financial Inc grew its stake in shares of Sprott Physical Platinum & Palladium Tr by 123.8% during the 1st quarter. AdvisorNet Financial Inc now owns 4,835 shares of the company’s stock worth $75,000 after purchasing an additional 2,675 shares during the period. CIBC Private Wealth Group LLC purchased a new position in shares of Sprott Physical Platinum & Palladium Tr during the 4th quarter valued at approximately $45,000. Finally, Advisory Services Network LLC purchased a new position in shares of Sprott Physical Platinum & Palladium Tr during the 3rd quarter valued at approximately $38,000.

About Sprott Physical Platinum & Palladium Tr

Sprott Physical Platinum and Palladium Trust is an exchange traded commodity launched and managed by Sprott Asset Management, LP. The fund invests in commodity markets. It invests in physical platinum and palladium bullion in Good Delivery plate or ingot form. Sprott Physical Platinum and Palladium Trust was formed on December 23, 2011 and is domiciled in Canada.