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

Sprott Physical Platinum & Palladium Tr (NYSEARCA:SPPP) was the target of a significant growth in short interest in April. As of April 30th, there was short interest totaling 25,693 shares, a growth of 163.4% from the April 15th total of 9,755 shares. Based on an average trading volume of 410,975 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are short sold.

Sprott Physical Platinum & Palladium Tr Trading Down 3.2%

Shares of Sprott Physical Platinum & Palladium Tr stock opened at $15.43 on Friday. The company’s fifty day simple moving average is $16.00 and its 200-day simple moving average is $16.44. Sprott Physical Platinum & Palladium Tr has a 1-year low of $9.56 and a 1-year high of $23.81.

Hedge Funds Weigh In On Sprott Physical Platinum & Palladium Tr

Several institutional investors and hedge funds have recently modified their holdings of the business. Cetera Investment Advisers lifted its stake in Sprott Physical Platinum & Palladium Tr by 5.3% in the 2nd 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. Raymond James Financial Inc. grew its holdings in shares of Sprott Physical Platinum & Palladium Tr by 9.1% during the 2nd quarter. Raymond James Financial Inc. now owns 150,310 shares of the company’s stock worth $1,763,000 after purchasing an additional 12,564 shares during the period. Jane Street Group LLC acquired a new position in Sprott Physical Platinum & Palladium Tr in the second quarter valued at about $5,691,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Sprott Physical Platinum & Palladium Tr during the 3rd quarter worth approximately $147,000. Finally, Morling Financial Advisors LLC purchased a new stake in Sprott Physical Platinum & Palladium Tr in the third quarter valued at approximately $258,000.

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.