Sprott Physical Platinum & Palladium Tr (NYSEARCA:SPPP) Short Interest Update

Sprott Physical Platinum & Palladium Tr (NYSEARCA:SPPP) saw a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 52,066 shares, a growth of 85.3% from the December 31st total of 28,102 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 1,138,992 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 1,138,992 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.1% of the company’s shares are short sold.

Hedge Funds Weigh In On Sprott Physical Platinum & Palladium Tr

Several institutional investors and hedge funds have recently modified their holdings of SPPP. Cetera Investment Advisers lifted its stake in Sprott Physical Platinum & Palladium Tr by 5.3% in the second quarter. Cetera Investment Advisers now owns 18,549 shares of the company’s stock valued at $218,000 after buying an additional 940 shares in the last quarter. HC Advisors LLC raised its holdings in shares of Sprott Physical Platinum & Palladium Tr by 2.5% during the third quarter. HC Advisors LLC now owns 39,648 shares of the company’s stock worth $538,000 after acquiring an additional 951 shares during the period. Wealthcare Advisory Partners LLC raised its holdings in shares of Sprott Physical Platinum & Palladium Tr by 7.0% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 15,171 shares of the company’s stock worth $255,000 after acquiring an additional 989 shares during the period. Seaview Investment Managers LLC lifted its position in Sprott Physical Platinum & Palladium Tr by 1.5% in the 2nd quarter. Seaview Investment Managers LLC now owns 68,167 shares of the company’s stock valued at $800,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Ameritas Advisory Services LLC boosted its stake in Sprott Physical Platinum & Palladium Tr by 6.5% in the 2nd quarter. Ameritas Advisory Services LLC now owns 16,594 shares of the company’s stock worth $195,000 after purchasing an additional 1,012 shares during the period.

Sprott Physical Platinum & Palladium Tr Stock Performance

Shares of Sprott Physical Platinum & Palladium Tr stock traded down $4.04 on Friday, hitting $17.52. 4,999,310 shares of the company’s stock traded hands, compared to its average volume of 1,687,193. Sprott Physical Platinum & Palladium Tr has a one year low of $8.91 and a one year high of $23.81. The firm’s 50-day moving average price is $17.48 and its two-hundred day moving average price is $14.60.

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.