Sprott Physical Gold Trust (NYSEARCA:PHYS) Short Interest Down 25.3% in March

Sprott Physical Gold Trust (NYSEARCA:PHYS) saw a significant decrease in short interest in March. As of March 13th, there was short interest totaling 1,132,117 shares, a decrease of 25.3% from the February 26th total of 1,516,233 shares. Based on an average daily volume of 5,713,413 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.2% of the shares of the company are sold short.

Institutional Trading of Sprott Physical Gold Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in PHYS. Fiduciary Alliance LLC lifted its stake in shares of Sprott Physical Gold Trust by 4.4% in the 4th quarter. Fiduciary Alliance LLC now owns 7,195 shares of the exchange traded fund’s stock worth $238,000 after acquiring an additional 300 shares during the period. Latitude Advisors LLC boosted its holdings in shares of Sprott Physical Gold Trust by 1.0% in the fourth quarter. Latitude Advisors LLC now owns 30,540 shares of the exchange traded fund’s stock valued at $1,008,000 after acquiring an additional 300 shares in the last quarter. Principal Securities Inc. increased its stake in shares of Sprott Physical Gold Trust by 2.5% during the fourth quarter. Principal Securities Inc. now owns 12,600 shares of the exchange traded fund’s stock valued at $416,000 after acquiring an additional 302 shares during the period. Stratos Wealth Advisors LLC increased its stake in shares of Sprott Physical Gold Trust by 2.1% during the third quarter. Stratos Wealth Advisors LLC now owns 18,866 shares of the exchange traded fund’s stock valued at $559,000 after acquiring an additional 392 shares during the period. Finally, U.S. Capital Wealth Advisors LLC raised its holdings in Sprott Physical Gold Trust by 1.4% during the third quarter. U.S. Capital Wealth Advisors LLC now owns 28,021 shares of the exchange traded fund’s stock worth $830,000 after purchasing an additional 400 shares in the last quarter.

Sprott Physical Gold Trust Price Performance

Shares of PHYS traded up $1.10 during trading hours on Friday, reaching $34.11. 5,658,276 shares of the company’s stock traded hands, compared to its average volume of 8,834,177. Sprott Physical Gold Trust has a twelve month low of $22.72 and a twelve month high of $42.07. The business’s fifty day simple moving average is $37.61 and its two-hundred day simple moving average is $33.66.

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.