Sprott Physical Gold Trust (NYSEARCA:PHYS) Sees Significant Growth in Short Interest

Sprott Physical Gold Trust (NYSEARCA:PHYS) was the recipient of a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 1,708,384 shares, a growth of 40.8% from the December 15th total of 1,213,757 shares. Based on an average daily trading volume, of 5,117,536 shares, the short-interest ratio is presently 0.3 days. Approximately 0.4% of the company’s shares are short sold. Approximately 0.4% of the company’s shares are short sold. Based on an average daily trading volume, of 5,117,536 shares, the short-interest ratio is presently 0.3 days.

Sprott Physical Gold Trust Price Performance

PHYS traded down $0.15 during trading on Friday, hitting $35.03. 4,698,633 shares of the company’s stock were exchanged, compared to its average volume of 4,982,973. Sprott Physical Gold Trust has a 1 year low of $20.85 and a 1 year high of $35.47. The stock has a 50 day moving average price of $32.87 and a 200 day moving average price of $29.55.

Institutional Trading of Sprott Physical Gold Trust

Large investors have recently added to or reduced their stakes in the stock. World Investment Advisors lifted its holdings in shares of Sprott Physical Gold Trust by 36.4% in the third quarter. World Investment Advisors now owns 192,058 shares of the exchange traded fund’s stock valued at $5,689,000 after purchasing an additional 51,243 shares in the last quarter. D.A. Davidson & CO. acquired a new stake in Sprott Physical Gold Trust in the third quarter valued at approximately $883,000. Avantax Advisory Services Inc. grew its position in Sprott Physical Gold Trust by 32.3% in the second quarter. Avantax Advisory Services Inc. now owns 545,100 shares of the exchange traded fund’s stock worth $13,818,000 after acquiring an additional 132,995 shares in the last quarter. Beacon Pointe Advisors LLC raised its holdings in shares of Sprott Physical Gold Trust by 7.8% during the 2nd quarter. Beacon Pointe Advisors LLC now owns 597,781 shares of the exchange traded fund’s stock valued at $15,154,000 after purchasing an additional 43,296 shares in the last quarter. Finally, CWM LLC boosted its holdings in Sprott Physical Gold Trust by 64.0% in the third quarter. CWM LLC now owns 70,078 shares of the exchange traded fund’s stock worth $2,076,000 after purchasing an additional 27,355 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.