Sprott Physical Platinum & Palladium Tr (NYSEARCA:SPPP) Sees Significant Growth in Short Interest

Sprott Physical Platinum & Palladium Tr (NYSEARCA:SPPP) was the recipient of a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 43,612 shares, a growth of 97.8% from the February 12th total of 22,051 shares. Based on an average trading volume of 857,149 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are short sold. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 857,149 shares, the short-interest ratio is currently 0.1 days.

Sprott Physical Platinum & Palladium Tr Stock Down 5.5%

SPPP stock traded down $0.93 during mid-day trading on Friday, reaching $15.89. 1,361,632 shares of the company traded hands, compared to its average volume of 1,210,384. The company has a fifty day moving average price of $18.35 and a 200-day moving average price of $15.66. Sprott Physical Platinum & Palladium Tr has a 52-week low of $8.91 and a 52-week high of $23.81.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Strategic Investment Solutions Inc. IL purchased a new position in Sprott Physical Platinum & Palladium Tr in the 4th quarter worth approximately $140,000. Beacon Pointe Advisors LLC grew its stake in shares of Sprott Physical Platinum & Palladium Tr by 9.1% during the fourth quarter. Beacon Pointe Advisors LLC now owns 85,860 shares of the company’s stock valued at $1,446,000 after buying an additional 7,145 shares during the last quarter. XTX Topco Ltd grew its position in Sprott Physical Platinum & Palladium Tr by 189.1% during the 4th quarter. XTX Topco Ltd now owns 30,884 shares of the company’s stock worth $520,000 after acquiring an additional 20,201 shares during the last quarter. Cetera Investment Advisers grew its position in Sprott Physical Platinum & Palladium Tr by 322.6% during the 4th quarter. Cetera Investment Advisers now owns 112,612 shares of the company’s stock worth $1,896,000 after acquiring an additional 85,964 shares during the last quarter. Finally, Osaic Holdings Inc. increased its stake in Sprott Physical Platinum & Palladium Tr by 4.3% in the 4th quarter. Osaic Holdings Inc. now owns 92,285 shares of the company’s stock worth $1,554,000 after purchasing an additional 3,820 shares during the period.

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.