Sprott Physical Gold Trust (NYSEARCA:PHYS – Get Free Report) saw a significant decrease in short interest in the month of February. As of February 13th, there was short interest totaling 861,198 shares, a decrease of 33.3% from the January 29th total of 1,290,810 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 11,010,327 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 11,010,327 shares, the short-interest ratio is presently 0.1 days. Approximately 0.2% of the shares of the company are short sold.
Institutional Trading of Sprott Physical Gold Trust
Hedge funds have recently made changes to their positions in the stock. Manchester Capital Management LLC bought a new position in Sprott Physical Gold Trust in the 2nd quarter valued at about $25,000. MTM Investment Management LLC acquired a new position in shares of Sprott Physical Gold Trust during the second quarter valued at approximately $30,000. Kohmann Bosshard Financial Services LLC bought a new stake in Sprott Physical Gold Trust during the fourth quarter worth approximately $33,000. Legacy Investment Solutions LLC acquired a new stake in Sprott Physical Gold Trust in the second quarter worth approximately $36,000. Finally, Financial Management Professionals Inc. bought a new position in Sprott Physical Gold Trust during the 4th quarter valued at $36,000.
Sprott Physical Gold Trust Price Performance
Shares of NYSEARCA:PHYS traded up $0.48 during trading on Friday, reaching $40.15. 3,813,106 shares of the company’s stock traded hands, compared to its average volume of 9,564,017. Sprott Physical Gold Trust has a 12 month low of $21.96 and a 12 month high of $42.07. The company has a 50 day moving average of $36.46 and a 200-day moving average of $32.17.
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.
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