Short Interest in Sprott Physical Platinum & Palladium Tr (NYSEARCA:SPPP) Rises By 982.0%

Sprott Physical Platinum & Palladium Tr (NYSEARCA:SPPP) saw a significant growth in short interest in June. As of June 15th, there was short interest totaling 157,911 shares, a growth of 982.0% from the May 31st total of 14,594 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average trading volume of 514,186 shares, the short-interest ratio is presently 0.3 days.

Sprott Physical Platinum & Palladium Tr Stock Performance

Shares of NYSEARCA SPPP opened at $12.55 on Friday. Sprott Physical Platinum & Palladium Tr has a twelve month low of $11.56 and a twelve month high of $23.81. The company has a 50 day moving average of $14.92 and a 200 day moving average of $16.48.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of SPPP. Cetera Investment Advisers lifted its holdings in shares of Sprott Physical Platinum & Palladium Tr by 5.3% during the second quarter. Cetera Investment Advisers now owns 18,549 shares of the company’s stock valued at $218,000 after purchasing an additional 940 shares in the last quarter. Raymond James Financial Inc. increased its holdings in Sprott Physical Platinum & Palladium Tr by 9.1% in the 2nd quarter. Raymond James Financial Inc. now owns 150,310 shares of the company’s stock worth $1,763,000 after buying an additional 12,564 shares in the last quarter. Jane Street Group LLC purchased a new position in Sprott Physical Platinum & Palladium Tr in the 2nd quarter worth about $5,691,000. Envestnet Asset Management Inc. raised its position in Sprott Physical Platinum & Palladium Tr by 20.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 92,334 shares of the company’s stock worth $1,254,000 after buying an additional 15,769 shares during the last quarter. Finally, HighTower Advisors LLC lifted its stake in Sprott Physical Platinum & Palladium Tr by 123.3% during the 3rd quarter. HighTower Advisors LLC now owns 95,139 shares of the company’s stock valued at $1,292,000 after acquiring an additional 52,529 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.