Sprott Physical Gold Trust (NYSEARCA:PHYS) Short Interest Update

Sprott Physical Gold Trust (NYSEARCA:PHYS) saw a large decrease in short interest during the month of February. As of February 13th, there was short interest totaling 861,198 shares, a decrease of 33.3% from the January 29th total of 1,290,810 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 11,010,327 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 11,010,327 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.2% of the company’s stock are short sold.

Institutional Investors Weigh In On Sprott Physical Gold Trust

A number of institutional investors have recently modified their holdings of the stock. Alternative Investment Advisors LLC. acquired a new position in Sprott Physical Gold Trust in the fourth quarter worth about $200,000. Kera Capital Partners Inc. lifted its holdings in Sprott Physical Gold Trust by 55.5% during the 4th quarter. Kera Capital Partners Inc. now owns 356,193 shares of the exchange traded fund’s stock worth $12,987,000 after buying an additional 127,170 shares during the last quarter. Walser Wealth Management Company A Ltd Liability Co acquired a new position in shares of Sprott Physical Gold Trust in the 4th quarter worth approximately $880,000. Mcguire Capital Advisors Inc. bought a new stake in shares of Sprott Physical Gold Trust in the 4th quarter valued at approximately $64,000. Finally, Compound Planning Inc. raised its position in shares of Sprott Physical Gold Trust by 124.3% during the 4th quarter. Compound Planning Inc. now owns 23,450 shares of the exchange traded fund’s stock valued at $774,000 after acquiring an additional 12,994 shares in the last quarter.

Sprott Physical Gold Trust Stock Up 1.2%

Shares of NYSEARCA:PHYS traded up $0.48 during midday trading on Friday, reaching $40.15. The company had a trading volume of 3,813,106 shares, compared to its average volume of 9,564,017. The stock’s fifty day moving average price is $36.46 and its 200-day moving average price is $32.17. Sprott Physical Gold Trust has a one year low of $21.96 and a one year high of $42.07.

Sprott Physical Gold Trust Company Profile

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.