Sprott Physical Gold Trust (NYSEARCA:PHYS) Short Interest Update

Sprott Physical Gold Trust (NYSEARCA:PHYS) saw a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 1,046,398 shares, a growth of 48.9% from the July 15th total of 702,728 shares. Based on an average daily volume of 3,140,897 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the shares of the company are sold short.

Sprott Physical Gold Trust Price Performance

Shares of Sprott Physical Gold Trust stock traded down $0.43 during trading hours on Tuesday, hitting $33.17. 950,906 shares of the company were exchanged, compared to its average volume of 5,530,303. Sprott Physical Gold Trust has a 1 year low of $25.42 and a 1 year high of $42.07. The business has a 50-day moving average of $31.32 and a 200-day moving average of $34.51.

Hedge Funds Weigh In On Sprott Physical Gold Trust

Several institutional investors have recently bought and sold shares of PHYS. Royal Bank of Canada lifted its stake in shares of Sprott Physical Gold Trust by 8.2% in the 4th quarter. Royal Bank of Canada now owns 9,516,053 shares of the exchange traded fund’s stock worth $314,220,000 after acquiring an additional 724,321 shares during the period. Federation des caisses Desjardins du Quebec increased its stake in shares of Sprott Physical Gold Trust by 2.3% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 5,589,846 shares of the exchange traded fund’s stock worth $184,642,000 after acquiring an additional 125,087 shares during the period. CENTRAL TRUST Co increased its stake in shares of Sprott Physical Gold Trust by 26.3% during the first quarter. CENTRAL TRUST Co now owns 5,542,655 shares of the exchange traded fund’s stock worth $196,432,000 after acquiring an additional 1,154,326 shares during the period. Heritage Wealth Advisors purchased a new position in Sprott Physical Gold Trust during the fourth quarter worth about $169,676,000. Finally, Pekin Hardy Strauss Inc. raised its holdings in Sprott Physical Gold Trust by 1.3% during the fourth quarter. Pekin Hardy Strauss Inc. now owns 4,318,119 shares of the exchange traded fund’s stock worth $142,584,000 after purchasing an additional 56,549 shares in the last quarter.

About Sprott Physical Gold Trust

Sprott Physical Gold Trust operates as a closed-end investment trust, which engages in investing and holding all of its assets in physical gold bullion. Its investment objective is to provide a secure, convenient, and exchange-traded investment alternative for investors through investing primarily in long-term holdings of unencumbered, fully allocated, physical gold bullion and will not speculate with regard to short-term changes in gold prices. The company was founded on August 28, 2009 and is headquartered in Toronto, Canada.