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

Sprott Physical Platinum & Palladium Tr (NYSEARCA:SPPP) was the target of a large growth in short interest in 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. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 1,138,992 shares, the short-interest ratio is presently 0.0 days. Based on an average daily trading volume, of 1,138,992 shares, the short-interest ratio is presently 0.0 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SPPP. Advisory Services Network LLC acquired a new stake in shares of Sprott Physical Platinum & Palladium Tr during the third quarter worth $38,000. Laurel Wealth Advisors LLC raised its stake in Sprott Physical Platinum & Palladium Tr by 1,073.0% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 7,038 shares of the company’s stock worth $83,000 after purchasing an additional 6,438 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in Sprott Physical Platinum & Palladium Tr in the 3rd quarter valued at about $147,000. Wealthcare Advisory Partners LLC grew its position in shares of Sprott Physical Platinum & Palladium Tr by 18.3% during the 3rd quarter. Wealthcare Advisory Partners LLC now owns 14,182 shares of the company’s stock worth $193,000 after purchasing an additional 2,197 shares in the last quarter. Finally, Synergy Asset Management LLC bought a new position in shares of Sprott Physical Platinum & Palladium Tr during the second quarter worth approximately $193,000.

Sprott Physical Platinum & Palladium Tr Stock Down 18.7%

Sprott Physical Platinum & Palladium Tr stock traded down $4.04 during trading hours on Friday, hitting $17.52. The company had a trading volume of 4,999,310 shares, compared to its average volume of 1,687,193. The firm has a 50-day moving average of $17.48 and a 200 day moving average of $14.60. Sprott Physical Platinum & Palladium Tr has a one year low of $8.91 and a one 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.