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

Sprott Physical Platinum & Palladium Tr (NYSEARCA:SPPP) saw a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 52,066 shares, a growth of 85.3% from the December 31st total of 28,102 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 1,138,992 shares, the short-interest ratio is presently 0.0 days. Based on an average trading volume of 1,138,992 shares, the short-interest ratio is presently 0.0 days. Approximately 0.1% of the company’s shares are sold short.

Sprott Physical Platinum & Palladium Tr Stock Performance

SPPP stock traded down $4.04 during mid-day trading on Friday, hitting $17.52. 4,999,310 shares of the company were exchanged, compared to its average volume of 1,687,193. Sprott Physical Platinum & Palladium Tr has a 1-year low of $8.91 and a 1-year high of $23.81. The firm’s 50 day simple moving average is $17.48 and its 200 day simple moving average is $14.62.

Institutional Investors Weigh In On Sprott Physical Platinum & Palladium Tr

Hedge funds have recently added to or reduced their stakes in the business. IMC Chicago LLC bought a new stake in shares of Sprott Physical Platinum & Palladium Tr during the 4th quarter worth about $37,028,000. Pictet Asset Management Holding SA grew its position in shares of Sprott Physical Platinum & Palladium Tr by 41.2% in the fourth quarter. Pictet Asset Management Holding SA now owns 469,466 shares of the company’s stock valued at $7,906,000 after purchasing an additional 136,964 shares during the last quarter. Wealthcare Advisory Partners LLC increased its stake in shares of Sprott Physical Platinum & Palladium Tr by 7.0% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 15,171 shares of the company’s stock worth $255,000 after purchasing an additional 989 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in Sprott Physical Platinum & Palladium Tr by 53.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 15,973 shares of the company’s stock worth $269,000 after purchasing an additional 5,542 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new stake in Sprott Physical Platinum & Palladium Tr in the 3rd quarter worth about $38,000.

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.