Sprott Physical Gold Trust (NYSEARCA:PHYS) Short Interest Update

Sprott Physical Gold Trust (NYSEARCA:PHYS) saw a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 492,276 shares, a decline of 43.8% from the August 31st total of 876,301 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 3,950,338 shares, the short-interest ratio is currently 0.1 days.

Sprott Physical Gold Trust Stock Up 0.5%

PHYS stock traded up $0.17 during trading on Thursday, reaching $31.44. 3,613,495 shares of the stock were exchanged, compared to its average volume of 5,389,091. The stock has a 50 day simple moving average of $32.72 and a 200-day simple moving average of $33.33. Sprott Physical Gold Trust has a twelve month low of $29.30 and a twelve month high of $42.07.

Hedge Funds Weigh In On Sprott Physical Gold Trust

Several hedge funds have recently added to or reduced their stakes in PHYS. Sequoia Financial Advisors LLC raised its position in Sprott Physical Gold Trust by 1.1% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 28,865 shares of the exchange traded fund’s stock valued at $871,000 after buying an additional 319 shares during the last quarter. Summit Financial Strategies Inc. boosted its holdings in Sprott Physical Gold Trust by 5.3% during the first quarter. Summit Financial Strategies Inc. now owns 6,602 shares of the exchange traded fund’s stock worth $234,000 after purchasing an additional 330 shares during the last quarter. Community Financial Services Group LLC grew its position in Sprott Physical Gold Trust by 8.0% in the second quarter. Community Financial Services Group LLC now owns 5,420 shares of the exchange traded fund’s stock valued at $165,000 after purchasing an additional 400 shares in the last quarter. Manchester Financial Inc. increased its stake in Sprott Physical Gold Trust by 5.9% in the 4th quarter. Manchester Financial Inc. now owns 7,360 shares of the exchange traded fund’s stock valued at $243,000 after buying an additional 410 shares during the last quarter. Finally, Wealthspire Retirement LLC lifted its position in Sprott Physical Gold Trust by 7.1% during the 1st quarter. Wealthspire Retirement LLC now owns 7,034 shares of the exchange traded fund’s stock worth $249,000 after buying an additional 464 shares in the last quarter.

Sprott Physical Gold Trust Company Profile

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.