Sprott Physical Platinum & Palladium Tr (NYSEARCA:SPPP) Sees Large Growth in Short Interest

Sprott Physical Platinum & Palladium Tr (NYSEARCA:SPPP) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 84,659 shares, a growth of 110.9% from the September 30th total of 40,140 shares. Based on an average daily volume of 318,295 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the shares of the company are short sold.

Institutional Trading of Sprott Physical Platinum & Palladium Tr

Several hedge funds have recently made changes to their positions in the company. Ameritas Advisory Services LLC acquired a new position in Sprott Physical Platinum & Palladium Tr during the second quarter worth $50,000. Compass Financial Management LLC purchased a new position in Sprott Physical Platinum & Palladium Tr in the second quarter worth $54,000. Main Street Group LTD acquired a new stake in Sprott Physical Platinum & Palladium Tr in the first quarter valued at $78,000. Pettinga Financial Advisors LLC lifted its holdings in Sprott Physical Platinum & Palladium Tr by 13.2% in the second quarter. Pettinga Financial Advisors LLC now owns 18,400 shares of the company’s stock valued at $229,000 after acquiring an additional 2,150 shares during the period. Finally, Janney Montgomery Scott LLC acquired a new stake in Sprott Physical Platinum & Palladium Tr in the first quarter valued at $296,000.

Sprott Physical Platinum & Palladium Tr Price Performance

Shares of NYSEARCA SPPP traded down $0.35 during mid-day trading on Friday, hitting $11.27. 1,274,295 shares of the company were exchanged, compared to its average volume of 723,439. The stock has a 50 day simple moving average of $13.62 and a 200-day simple moving average of $15.09. Sprott Physical Platinum & Palladium Tr has a 1-year low of $11.10 and a 1-year high of $23.81.

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.