Sprott Physical Platinum & Palladium Tr (NYSEARCA:SPPP) Short Interest Up 163.4% in April

Sprott Physical Platinum & Palladium Tr (NYSEARCA:SPPP) was the recipient of a significant growth in short interest in April. As of April 30th, there was short interest totaling 25,693 shares, a growth of 163.4% from the April 15th total of 9,755 shares. Based on an average daily trading volume, of 410,975 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

Sprott Physical Platinum & Palladium Tr Stock Performance

Shares of Sprott Physical Platinum & Palladium Tr stock traded down $0.55 during trading on Friday, reaching $15.40. The company’s stock had a trading volume of 593,202 shares, compared to its average volume of 932,455. The stock has a 50-day moving average price of $15.96 and a two-hundred day moving average price of $16.43. Sprott Physical Platinum & Palladium Tr has a one year low of $9.56 and a one year high of $23.81.

Institutional Trading of Sprott Physical Platinum & Palladium Tr

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advisory Services Network LLC acquired a new position in Sprott Physical Platinum & Palladium Tr during the third quarter valued at approximately $38,000. CIBC Private Wealth Group LLC bought a new stake in Sprott Physical Platinum & Palladium Tr in the fourth quarter valued at approximately $45,000. AdvisorNet Financial Inc increased its stake in Sprott Physical Platinum & Palladium Tr by 123.8% in the first quarter. AdvisorNet Financial Inc now owns 4,835 shares of the company’s stock valued at $75,000 after purchasing an additional 2,675 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new stake in Sprott Physical Platinum & Palladium Tr in the fourth quarter valued at approximately $77,000. Finally, Main Street Group LTD bought a new stake in Sprott Physical Platinum & Palladium Tr in the first quarter valued at approximately $78,000.

About Sprott Physical Platinum & Palladium Tr

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.