Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF) Sees Significant Increase in Short Interest

Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF) was the recipient of a significant growth in short interest in the month of May. As of May 31st, there was short interest totalling 47,000 shares, a growth of 69.1% from the May 15th total of 27,800 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 707,600 shares, the days-to-cover ratio is presently 0.1 days.

Sprott Physical Gold and Silver Trust Price Performance

NYSEAMERICAN CEF traded up $0.17 on Tuesday, reaching $30.81. 245,901 shares of the stock were exchanged, compared to its average volume of 587,851. Sprott Physical Gold and Silver Trust has a one year low of $21.63 and a one year high of $31.03. The company’s 50-day simple moving average is $29.25 and its two-hundred day simple moving average is $26.67.

Institutional Trading of Sprott Physical Gold and Silver Trust

Several institutional investors and hedge funds have recently modified their holdings of the company. Atlas Capital Advisors Inc. purchased a new position in shares of Sprott Physical Gold and Silver Trust during the 1st quarter valued at $36,000. Coastline Trust Co lifted its position in shares of Sprott Physical Gold and Silver Trust by 35.6% in the first quarter. Coastline Trust Co now owns 2,385 shares of the company’s stock valued at $68,000 after acquiring an additional 626 shares in the last quarter. Chapman Financial Group LLC bought a new position in shares of Sprott Physical Gold and Silver Trust in the fourth quarter worth about $67,000. Duncker Streett & Co. Inc. purchased a new stake in shares of Sprott Physical Gold and Silver Trust during the fourth quarter worth about $107,000. Finally, Harbour Investments Inc. raised its stake in Sprott Physical Gold and Silver Trust by 11.1% during the 4th quarter. Harbour Investments Inc. now owns 5,304 shares of the company’s stock valued at $126,000 after purchasing an additional 530 shares during the period.

Sprott Physical Gold and Silver Trust Company Profile

Sprott Physical Gold & Silver Trust operates as a closed-ended investment fund/investment trust. The company was founded on October 26, 2017 and is headquartered in Toronto, Canada.