Sprott Physical Platinum & Palladium Tr (NYSEARCA:SPPP) Stock Short Interest Jumps 3,189.4%

Sprott Physical Platinum & Palladium Tr (NYSEARCA:SPPP) was the target of a significant growth in short interest in September. As of September 15th, there was short interest totaling 309,170 shares, a growth of 3,189.4% from the August 31st total of 9,399 shares. Based on an average daily trading volume, of 710,246 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.8% of the company’s stock are sold short.

Sprott Physical Platinum & Palladium Tr Stock Performance

NYSEARCA:SPPP remained flat at $13.96 during trading hours on Thursday. The company’s stock had a trading volume of 337,052 shares, compared to its average volume of 770,819. The business’s 50 day simple moving average is $14.12 and its 200-day simple moving average is $14.63. Sprott Physical Platinum & Palladium Tr has a fifty-two week low of $12.15 and a fifty-two week high of $23.81.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SPPP. IMC Chicago LLC grew its position in Sprott Physical Platinum & Palladium Tr by 36.5% in the 1st quarter. IMC Chicago LLC now owns 3,002,396 shares of the company’s stock worth $46,627,000 after purchasing an additional 803,590 shares in the last quarter. Fielder Capital Group LLC lifted its position in shares of Sprott Physical Platinum & Palladium Tr by 5.6% during the 4th quarter. Fielder Capital Group LLC now owns 850,344 shares of the company’s stock worth $14,320,000 after buying an additional 45,009 shares in the last quarter. Weiss Asset Management LP purchased a new position in shares of Sprott Physical Platinum & Palladium Tr in the 1st quarter worth approximately $10,800,000. International Assets Investment Management LLC grew its holdings in shares of Sprott Physical Platinum & Palladium Tr by 93.5% in the first quarter. International Assets Investment Management LLC now owns 139,518 shares of the company’s stock valued at $2,176,000 after acquiring an additional 67,426 shares in the last quarter. Finally, VectorGlobal IAG Inc. bought a new position in shares of Sprott Physical Platinum & Palladium Tr in the first quarter valued at approximately $1,235,000.

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.