Sprott Physical Platinum & Palladium Tr (NYSEARCA:SPPP) Sees Significant Decrease in Short Interest

Sprott Physical Platinum & Palladium Tr (NYSEARCA:SPPP) saw a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 40,140 shares, a decline of 87.0% from the September 15th total of 309,170 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 426,368 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On Sprott Physical Platinum & Palladium Tr

A number of large investors have recently bought and sold shares of the business. IMC Chicago LLC boosted its stake in shares of Sprott Physical Platinum & Palladium Tr by 36.5% during the 1st quarter. IMC Chicago LLC now owns 3,002,396 shares of the company’s stock worth $46,627,000 after acquiring an additional 803,590 shares in the last quarter. Weiss Asset Management LP bought a new stake in Sprott Physical Platinum & Palladium Tr during the first quarter worth approximately $10,800,000. International Assets Investment Management LLC boosted its position in Sprott Physical Platinum & Palladium Tr by 93.5% during the first quarter. International Assets Investment Management LLC now owns 139,518 shares of the company’s stock worth $2,176,000 after purchasing an additional 67,426 shares during the period. VectorGlobal IAG Inc. bought a new stake in Sprott Physical Platinum & Palladium Tr during the first quarter worth approximately $1,235,000. Finally, Cannell & Spears LLC grew its holdings in Sprott Physical Platinum & Palladium Tr by 16.7% during the first quarter. Cannell & Spears LLC now owns 35,000 shares of the company’s stock valued at $544,000 after purchasing an additional 5,000 shares during the last quarter.

Sprott Physical Platinum & Palladium Tr Stock Down 0.1%

NYSEARCA:SPPP traded down $0.01 during trading hours on Monday, hitting $13.11. 161,715 shares of the company’s stock traded hands, compared to its average volume of 744,054. Sprott Physical Platinum & Palladium Tr has a twelve month low of $12.15 and a twelve month high of $23.81. The stock’s fifty day moving average price is $14.18 and its two-hundred day moving average price is $14.38.

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.