Short Interest in Sprott Physical Platinum & Palladium Tr (NYSEARCA:SPPP) Rises By 982.0%

Sprott Physical Platinum & Palladium Tr (NYSEARCA:SPPP) was the target of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 157,911 shares, a growth of 982.0% from the May 31st total of 14,594 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average daily trading volume, of 514,186 shares, the short-interest ratio is presently 0.3 days.

Sprott Physical Platinum & Palladium Tr Stock Up 2.0%

Shares of SPPP stock traded up $0.25 during trading on Friday, hitting $12.80. 687,329 shares of the stock traded hands, compared to its average volume of 843,005. Sprott Physical Platinum & Palladium Tr has a 52-week low of $11.56 and a 52-week high of $23.81. The firm’s fifty day moving average price is $14.84 and its 200-day moving average price is $16.45.

Institutional Investors Weigh In On Sprott Physical Platinum & Palladium Tr

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cetera Investment Advisers raised its holdings in Sprott Physical Platinum & Palladium Tr by 5.3% in the 2nd quarter. Cetera Investment Advisers now owns 18,549 shares of the company’s stock valued at $218,000 after buying an additional 940 shares during the period. Wealthcare Advisory Partners LLC boosted its stake in 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 buying an additional 989 shares during the period. AdvisorNet Financial Inc boosted its stake in Sprott Physical Platinum & Palladium Tr by 123.8% during the first quarter. AdvisorNet Financial Inc now owns 4,835 shares of the company’s stock worth $75,000 after buying an additional 2,675 shares during the period. CIBC Private Wealth Group LLC acquired a new stake in shares of Sprott Physical Platinum & Palladium Tr during the fourth quarter valued at about $45,000. Finally, Advisory Services Network LLC purchased a new stake in shares of Sprott Physical Platinum & Palladium Tr in the 3rd quarter valued at approximately $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.