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

Sprott Physical Platinum & Palladium Tr (NYSEARCA:SPPP) was the recipient of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 309,170 shares, an increase of 3,189.4% from the August 31st total of 9,399 shares. Based on an average trading volume of 710,246 shares, the short-interest ratio is currently 0.4 days. Currently, 0.8% of the shares of the company are sold short.

Institutional Investors Weigh In On Sprott Physical Platinum & Palladium Tr

A number of institutional investors and hedge funds have recently modified their holdings of SPPP. Fielder Capital Group LLC boosted its position in Sprott Physical Platinum & Palladium Tr by 5.6% in the fourth quarter. Fielder Capital Group LLC now owns 850,344 shares of the company’s stock valued at $14,320,000 after buying an additional 45,009 shares during the last quarter. Weiss Asset Management LP acquired a new stake in Sprott Physical Platinum & Palladium Tr during the 1st quarter valued at approximately $10,800,000. International Assets Investment Management LLC lifted its stake in Sprott Physical Platinum & Palladium Tr by 93.5% during the 1st 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 during the period. VectorGlobal IAG Inc. acquired a new stake in Sprott Physical Platinum & Palladium Tr during the 1st quarter valued at approximately $1,235,000. Finally, IMC Chicago LLC boosted its holdings in shares of 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 valued at $46,627,000 after acquiring an additional 803,590 shares during the last quarter.

Sprott Physical Platinum & Palladium Tr Stock Performance

Shares of SPPP stock opened at $14.03 on Friday. The business has a fifty day moving average of $14.16 and a 200 day moving average of $14.60. Sprott Physical Platinum & Palladium Tr has a 1 year low of $12.15 and a 1 year high of $23.81.

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.