Short Interest in Sprott Physical Platinum & Palladium Tr (NYSEARCA:SPPP) Expands By 97.8%

Sprott Physical Platinum & Palladium Tr (NYSEARCA:SPPP) was the recipient of a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 43,612 shares, a growth of 97.8% from the February 12th total of 22,051 shares. Based on an average daily volume of 857,149 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are sold short. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 857,149 shares, the short-interest ratio is currently 0.1 days.

Sprott Physical Platinum & Palladium Tr Stock Performance

Shares of SPPP traded down $0.29 on Thursday, reaching $16.82. The company’s stock had a trading volume of 548,796 shares, compared to its average volume of 1,207,088. The stock’s 50 day simple moving average is $18.38 and its two-hundred day simple moving average is $15.62. Sprott Physical Platinum & Palladium Tr has a 12-month low of $8.91 and a 12-month high of $23.81.

Institutional Inflows and Outflows

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

Sprott Physical Platinum & Palladium Tr Company Profile

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.