Sprott Physical Platinum & Palladium Tr (NYSEARCA:SPPP) Short Interest Update

Sprott Physical Platinum & Palladium Tr (NYSEARCA:SPPP) saw a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 874,700 shares, an increase of 422.5% from the May 15th total of 167,400 shares. Approximately 9.1% of the shares of the stock are sold short. Based on an average trading volume of 497,400 shares, the short-interest ratio is presently 1.8 days.

Sprott Physical Platinum & Palladium Tr Trading Down 2.8%

Shares of NYSEARCA SPPP opened at $11.64 on Friday. The firm’s fifty day moving average is $9.94 and its two-hundred day moving average is $9.62. Sprott Physical Platinum & Palladium Tr has a 52-week low of $8.69 and a 52-week high of $11.99.

Institutional Trading of Sprott Physical Platinum & Palladium Tr

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Pettinga Financial Advisors LLC purchased a new position in shares of Sprott Physical Platinum & Palladium Tr in the 4th quarter worth $136,000. Sigma Planning Corp purchased a new position in shares of Sprott Physical Platinum & Palladium Tr during the 1st quarter worth about $137,000. Cetera Investment Advisers purchased a new position in shares of Sprott Physical Platinum & Palladium Tr during the 1st quarter worth about $175,000. Fielder Capital Group LLC purchased a new position in shares of Sprott Physical Platinum & Palladium Tr during the 4th quarter worth about $192,000. Finally, IHT Wealth Management LLC purchased a new position in shares of Sprott Physical Platinum & Palladium Tr during the 4th quarter worth about $211,000.

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.