Short Interest in Sprott Physical Platinum & Palladium Tr (NYSEARCA:SPPP) Drops By 44.7%

Sprott Physical Platinum & Palladium Tr (NYSEARCA:SPPP) was the target of a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 67,965 shares, a decline of 44.7% from the July 30th total of 122,802 shares. Based on an average trading volume of 769,745 shares, the short-interest ratio is currently 0.1 days. Currently, 0.2% of the company’s stock are sold short.

Sprott Physical Platinum & Palladium Tr Stock Performance

Shares of SPPP traded up $0.10 during mid-day trading on Friday, hitting $14.95. 1,095,374 shares of the company traded hands, compared to its average volume of 784,398. The business has a 50 day moving average of $13.51 and a 200 day moving average of $15.01. Sprott Physical Platinum & Palladium Tr has a 1-year low of $11.87 and a 1-year high of $23.81.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of SPPP. Cetera Investment Advisers lifted its stake 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 worth $218,000 after buying an additional 940 shares during the period. Raymond James Financial Inc. raised its stake 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 acquiring an additional 12,564 shares during the last quarter. Jane Street Group LLC purchased a new position in Sprott Physical Platinum & Palladium Tr in the 2nd quarter worth $5,691,000. UBS Group AG raised its stake in Sprott Physical Platinum & Palladium Tr by 262.4% in the 3rd quarter. UBS Group AG now owns 82,889 shares of the company’s stock worth $1,126,000 after acquiring an additional 60,019 shares during the last quarter. Finally, Citadel Advisors LLC acquired a new stake in Sprott Physical Platinum & Palladium Tr during the 3rd quarter worth about $280,000.

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.