Sprott Physical Platinum & Palladium Tr (NYSEARCA:SPPP) Short Interest Down 86.2% in August

Sprott Physical Platinum & Palladium Tr (NYSEARCA:SPPP) saw a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 9,399 shares, a drop of 86.2% from the August 15th total of 67,965 shares. Based on an average daily volume of 676,888 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Sprott Physical Platinum & Palladium Tr Stock Up 1.0%

SPPP stock traded up $0.14 during midday trading on Friday, reaching $14.45. The company had a trading volume of 114,578 shares, compared to its average volume of 789,440. The stock has a 50 day moving average price of $13.89 and a 200-day moving average price of $14.86. Sprott Physical Platinum & Palladium Tr has a 1-year low of $12.06 and a 1-year high of $23.81.

Hedge Funds Weigh In On Sprott Physical Platinum & Palladium Tr

Several hedge funds have recently bought and sold shares of the company. Fielder Capital Group LLC lifted its stake in Sprott Physical Platinum & Palladium Tr by 5.6% during the fourth quarter. Fielder Capital Group LLC now owns 850,344 shares of the company’s stock worth $14,320,000 after purchasing an additional 45,009 shares during the last quarter. Wakefield Asset Management LLLP bought a new position in shares of Sprott Physical Platinum & Palladium Tr in the 4th quarter valued at $1,086,000. VectorGlobal IAG Inc. bought a new position in shares of Sprott Physical Platinum & Palladium Tr in the 1st quarter valued at $1,235,000. International Assets Investment Management LLC raised its holdings in shares of Sprott Physical Platinum & Palladium Tr by 93.5% during the 1st quarter. International Assets Investment Management LLC now owns 139,518 shares of the company’s stock worth $2,176,000 after buying an additional 67,426 shares in the last quarter. Finally, Weiss Asset Management LP acquired a new position in shares of Sprott Physical Platinum & Palladium Tr during the 1st quarter worth $10,800,000.

Sprott Physical Platinum & Palladium Tr Company Profile

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.