Short Interest in Sprott Physical Platinum & Palladium Tr (NYSEARCA:SPPP) Decreases By 52.5%

Sprott Physical Platinum & Palladium Tr (NYSEARCA:SPPP) was the recipient of a large drop in short interest in February. As of February 13th, there was short interest totaling 22,051 shares, a drop of 52.5% from the January 29th total of 46,444 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,049,378 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily trading volume, of 1,049,378 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.1% of the shares of the stock are sold short.

Sprott Physical Platinum & Palladium Tr Price Performance

Shares of Sprott Physical Platinum & Palladium Tr stock traded up $0.51 during trading hours on Friday, reaching $18.94. 1,017,764 shares of the company’s stock were exchanged, compared to its average volume of 1,332,535. The business has a fifty day moving average of $18.47 and a two-hundred day moving average of $15.31. 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 large investors have recently added to or reduced their stakes in SPPP. Wolverine Asset Management LLC purchased a new stake in shares of Sprott Physical Platinum & Palladium Tr during the 2nd quarter worth $882,000. Sigma Planning Corp boosted its holdings in Sprott Physical Platinum & Palladium Tr by 251.6% in the second quarter. Sigma Planning Corp now owns 48,420 shares of the company’s stock valued at $568,000 after purchasing an additional 34,650 shares in the last quarter. Bank of Montreal Can purchased a new position in Sprott Physical Platinum & Palladium Tr in the second quarter valued at approximately $467,000. HC Advisors LLC raised its holdings in Sprott Physical Platinum & Palladium Tr by 3.7% during the second quarter. HC Advisors LLC now owns 38,697 shares of the company’s stock worth $454,000 after purchasing an additional 1,366 shares in the last quarter. Finally, Cetera Investment Advisers raised its stake in Sprott Physical Platinum & Palladium Tr by 5.3% during the 2nd quarter. Cetera Investment Advisers now owns 18,549 shares of the company’s stock worth $218,000 after acquiring an additional 940 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.