Sprott Physical Platinum & Palladium Tr (NYSEARCA:SPPP) Short Interest Down 86.2% in August

Sprott Physical Platinum & Palladium Tr (NYSEARCA:SPPP) saw a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 9,399 shares, a drop of 86.2% from the August 15th total of 67,965 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 676,888 shares, the short-interest ratio is presently 0.0 days.

Sprott Physical Platinum & Palladium Tr Stock Performance

Shares of NYSEARCA SPPP opened at $14.47 on Friday. Sprott Physical Platinum & Palladium Tr has a fifty-two week low of $12.06 and a fifty-two week high of $23.81. The firm’s 50-day simple moving average is $13.92 and its 200 day simple moving average is $14.86.

Institutional Trading of Sprott Physical Platinum & Palladium Tr

A number of hedge funds and other institutional investors have recently made changes to their positions in SPPP. Jane Street Group LLC bought a new position in Sprott Physical Platinum & Palladium Tr during the 4th quarter valued at $26,121,000. Hatch Cove Capital LLC acquired a new position in shares of Sprott Physical Platinum & Palladium Tr during the 4th quarter valued at $14,004,000. IMC Chicago LLC increased its position in shares of Sprott Physical Platinum & Palladium Tr by 36.5% during the 1st quarter. IMC Chicago LLC now owns 3,002,396 shares of the company’s stock valued at $46,627,000 after purchasing an additional 803,590 shares during the period. Weiss Asset Management LP bought a new stake in shares of Sprott Physical Platinum & Palladium Tr in the 1st quarter worth $10,800,000. Finally, Raymond James Financial Inc. raised its stake in shares of Sprott Physical Platinum & Palladium Tr by 241.0% in the 3rd quarter. Raymond James Financial Inc. now owns 512,553 shares of the company’s stock worth $6,960,000 after buying an additional 362,243 shares in the last quarter.

Sprott Physical Platinum & Palladium Tr Company Profile

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.