Sprott Physical Platinum & Palladium Tr (NYSEARCA:SPPP) Short Interest Down 47.8% in March

Sprott Physical Platinum & Palladium Tr (NYSEARCA:SPPP) was the recipient of a large decline in short interest in March. As of March 13th, there was short interest totaling 22,770 shares, a decline of 47.8% from the February 26th total of 43,612 shares. Based on an average daily trading volume, of 733,535 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.1% of the company’s stock are sold short.

Sprott Physical Platinum & Palladium Tr Stock Performance

Shares of Sprott Physical Platinum & Palladium Tr stock opened at $15.01 on Thursday. The business has a 50-day moving average of $17.78 and a 200-day moving average of $15.87. Sprott Physical Platinum & Palladium Tr has a 1-year low of $8.91 and a 1-year high of $23.81.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. CIBC Private Wealth Group LLC acquired a new stake in Sprott Physical Platinum & Palladium Tr during the 4th quarter valued at approximately $45,000. Advisory Services Network LLC acquired a new position in shares of Sprott Physical Platinum & Palladium Tr in the 3rd quarter valued at approximately $38,000. Steward Partners Investment Advisory LLC acquired a new position in shares of Sprott Physical Platinum & Palladium Tr in the 4th quarter valued at approximately $77,000. Laurel Wealth Advisors LLC boosted its stake in shares of Sprott Physical Platinum & Palladium Tr by 1,073.0% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 7,038 shares of the company’s stock valued at $83,000 after buying an additional 6,438 shares during the last quarter. Finally, Strategic Investment Solutions Inc. IL purchased a new position in shares of Sprott Physical Platinum & Palladium Tr during the 4th quarter valued at approximately $140,000.

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.