Sprott Physical Platinum & Palladium Tr (NYSEARCA:SPPP) Sees Significant Increase in Short Interest
by Jessica Moore · The Cerbat GemSprott Physical Platinum & Palladium Tr (NYSEARCA:SPPP – Get Free Report) saw a significant growth in short interest during the month of March. As of March 31st, there was short interest totaling 31,834 shares, a growth of 39.8% from the March 15th total of 22,770 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 1,091,868 shares, the days-to-cover ratio is currently 0.0 days.
Sprott Physical Platinum & Palladium Tr Stock Performance
NYSEARCA:SPPP traded up $0.08 on Wednesday, hitting $16.73. 343,023 shares of the stock were exchanged, compared to its average volume of 1,089,159. The stock has a fifty day moving average of $16.52 and a 200-day moving average of $16.20. Sprott Physical Platinum & Palladium Tr has a fifty-two week low of $9.30 and a fifty-two week high of $23.81.
Institutional Investors Weigh In On Sprott Physical Platinum & Palladium Tr
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cetera Investment Advisers grew its stake in shares of Sprott Physical Platinum & Palladium Tr by 5.3% in the second quarter. Cetera Investment Advisers now owns 18,549 shares of the company’s stock valued at $218,000 after buying an additional 940 shares in the last quarter. Raymond James Financial Inc. grew its stake in shares of Sprott Physical Platinum & Palladium Tr by 9.1% in the second quarter. Raymond James Financial Inc. now owns 150,310 shares of the company’s stock valued at $1,763,000 after buying an additional 12,564 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Sprott Physical Platinum & Palladium Tr in the second quarter valued at about $5,691,000. Synergy Asset Management LLC grew its stake in shares of Sprott Physical Platinum & Palladium Tr by 100.0% in the third quarter. Synergy Asset Management LLC now owns 32,890 shares of the company’s stock valued at $447,000 after buying an additional 16,445 shares in the last quarter. Finally, Pettinga Financial Advisors LLC grew its stake in shares of Sprott Physical Platinum & Palladium Tr by 10.4% in the third quarter. Pettinga Financial Advisors LLC now owns 19,571 shares of the company’s stock valued at $266,000 after buying an additional 1,850 shares in the last quarter.
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.