Sprott Physical Gold Trust (NYSEARCA:PHYS) Short Interest Down 35.3% in January

Sprott Physical Gold Trust (NYSEARCA:PHYS) saw a large decline in short interest during the month of January. As of January 15th, there was short interest totaling 1,104,710 shares, a decline of 35.3% from the December 31st total of 1,708,384 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average trading volume of 5,011,526 shares, the short-interest ratio is presently 0.2 days. Based on an average trading volume of 5,011,526 shares, the short-interest ratio is presently 0.2 days. Approximately 0.2% of the company’s shares are sold short.

Hedge Funds Weigh In On Sprott Physical Gold Trust

A number of large investors have recently added to or reduced their stakes in the company. CENTRAL TRUST Co lifted its position in shares of Sprott Physical Gold Trust by 9.1% in the third quarter. CENTRAL TRUST Co now owns 4,649,181 shares of the exchange traded fund’s stock valued at $137,709,000 after buying an additional 388,033 shares during the last quarter. Pekin Hardy Strauss Inc. lifted its holdings in Sprott Physical Gold Trust by 1.3% during the 4th quarter. Pekin Hardy Strauss Inc. now owns 4,318,119 shares of the exchange traded fund’s stock valued at $142,584,000 after purchasing an additional 56,549 shares during the last quarter. IMC Chicago LLC boosted its position in Sprott Physical Gold Trust by 2,849.6% during the second quarter. IMC Chicago LLC now owns 3,204,243 shares of the exchange traded fund’s stock worth $81,228,000 after purchasing an additional 3,095,611 shares during the period. Jupiter Asset Management Ltd. raised its position in shares of Sprott Physical Gold Trust by 39.8% in the third quarter. Jupiter Asset Management Ltd. now owns 3,145,855 shares of the exchange traded fund’s stock valued at $92,913,000 after purchasing an additional 896,347 shares during the period. Finally, Captrust Financial Advisors grew its stake in Sprott Physical Gold Trust by 0.3% in the 3rd quarter. Captrust Financial Advisors now owns 2,460,899 shares of the exchange traded fund’s stock valued at $72,892,000 after buying an additional 7,559 shares during the last quarter.

Sprott Physical Gold Trust Stock Down 10.9%

Sprott Physical Gold Trust stock traded down $4.47 during midday trading on Friday, hitting $36.46. 48,311,580 shares of the stock were exchanged, compared to its average volume of 11,086,120. The company has a fifty day simple moving average of $34.22 and a two-hundred day simple moving average of $30.42. Sprott Physical Gold Trust has a 52 week low of $21.59 and a 52 week high of $42.07.

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.