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

Sprott Physical Platinum & Palladium Tr (NYSEARCA:SPPP) was the recipient of a significant decrease in short interest in the month of February. As of February 13th, there was short interest totaling 22,051 shares, a decrease of 52.5% from the January 29th total of 46,444 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 1,049,378 shares, the days-to-cover ratio is currently 0.0 days. Based on an average trading volume of 1,049,378 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.1% of the shares of the company are sold short.

Sprott Physical Platinum & Palladium Tr Stock Up 2.6%

Shares of Sprott Physical Platinum & Palladium Tr stock traded up $0.48 on Friday, reaching $18.91. 491,433 shares of the company were exchanged, compared to its average volume of 1,317,432. Sprott Physical Platinum & Palladium Tr has a 1-year low of $8.91 and a 1-year high of $23.81. The company’s 50-day moving average is $18.42 and its two-hundred day moving average is $15.24.

Hedge Funds Weigh In On Sprott Physical Platinum & Palladium Tr

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. IMC Chicago LLC bought a new position in shares of Sprott Physical Platinum & Palladium Tr in the fourth quarter worth $37,028,000. Jane Street Group LLC acquired a new stake in Sprott Physical Platinum & Palladium Tr in the fourth quarter worth about $26,121,000. Pale Fire Capital SE acquired a new position in Sprott Physical Platinum & Palladium Tr during the 2nd quarter valued at about $13,754,000. Hatch Cove Capital LLC bought a new stake in shares of Sprott Physical Platinum & Palladium Tr during the 4th quarter worth about $14,004,000. Finally, Raymond James Financial Inc. lifted its stake in shares of Sprott Physical Platinum & Palladium Tr by 241.0% in the 3rd quarter. Raymond James Financial Inc. now owns 512,553 shares of the company’s stock worth $6,960,000 after acquiring an additional 362,243 shares during the period.

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.