Short Interest in Sprott Physical Gold Trust (NYSEARCA:PHYS) Increases By 40.8%

Sprott Physical Gold Trust (NYSEARCA:PHYS) was the recipient of a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 1,708,384 shares, a growth of 40.8% from the December 15th total of 1,213,757 shares. Based on an average daily volume of 5,117,536 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.4% of the shares of the company are short sold. Currently, 0.4% of the shares of the company are short sold. Based on an average daily volume of 5,117,536 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Investors Weigh In On Sprott Physical Gold Trust

Hedge funds have recently modified their holdings of the business. Ameriflex Group Inc. lifted its position in Sprott Physical Gold Trust by 66.7% during the second quarter. Ameriflex Group Inc. now owns 1,000 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 400 shares in the last quarter. Manchester Capital Management LLC bought a new position in shares of Sprott Physical Gold Trust in the second quarter worth about $25,000. Tradewinds Capital Management LLC raised its stake in shares of Sprott Physical Gold Trust by 59.8% in the second quarter. Tradewinds Capital Management LLC now owns 1,088 shares of the exchange traded fund’s stock worth $28,000 after buying an additional 407 shares during the period. MTM Investment Management LLC purchased a new position in shares of Sprott Physical Gold Trust during the 2nd quarter valued at about $30,000. Finally, Hilltop National Bank bought a new position in shares of Sprott Physical Gold Trust during the 2nd quarter valued at approximately $32,000.

Sprott Physical Gold Trust Stock Performance

Shares of PHYS traded down $0.15 on Friday, reaching $35.03. The company’s stock had a trading volume of 4,698,633 shares, compared to its average volume of 4,982,973. The stock’s 50 day simple moving average is $32.87 and its two-hundred day simple moving average is $29.61. Sprott Physical Gold Trust has a 12-month low of $20.85 and a 12-month high of $35.47.

About Sprott Physical Gold Trust

Sprott Physical Gold Trust operates as a closed-end investment trust, which engages in investing and holding all of its assets in physical gold bullion. Its investment objective is to provide a secure, convenient, and exchange-traded investment alternative for investors through investing primarily in long-term holdings of unencumbered, fully allocated, physical gold bullion and will not speculate with regard to short-term changes in gold prices. The company was founded on August 28, 2009 and is headquartered in Toronto, Canada.