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

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

Sprott Physical Platinum & Palladium Tr Stock Up 1.3%

NYSEARCA SPPP opened at $15.01 on Thursday. Sprott Physical Platinum & Palladium Tr has a 1-year low of $8.91 and a 1-year high of $23.81. The business’s 50-day simple moving average is $17.78 and its 200-day simple moving average is $15.87.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Advisory Services Network LLC purchased a new stake in Sprott Physical Platinum & Palladium Tr during the third quarter worth approximately $38,000. CIBC Private Wealth Group LLC purchased a new position in shares of Sprott Physical Platinum & Palladium Tr in the 4th quarter valued at $45,000. Steward Partners Investment Advisory LLC purchased a new position in shares of Sprott Physical Platinum & Palladium Tr in the 4th quarter valued at $77,000. Laurel Wealth Advisors LLC lifted its holdings 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 acquiring an additional 6,438 shares in the last quarter. Finally, Strategic Investment Solutions Inc. IL acquired a new position in shares of Sprott Physical Platinum & Palladium Tr during the 4th quarter valued at $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.