Sprott Physical Platinum & Palladium Tr (NYSEARCA:SPPP) Stock Short Interest Jumps 3,189.4%

Sprott Physical Platinum & Palladium Tr (NYSEARCA:SPPP) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 309,170 shares, an increase of 3,189.4% from the August 31st total of 9,399 shares. Based on an average daily volume of 710,246 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.8% of the company’s shares are sold short.

Institutional Trading of Sprott Physical Platinum & Palladium Tr

Institutional investors have recently bought and sold shares of the company. Ameritas Advisory Services LLC bought a new position in shares of Sprott Physical Platinum & Palladium Tr in the 2nd quarter worth about $50,000. Compass Financial Management LLC acquired a new stake in Sprott Physical Platinum & Palladium Tr during the second quarter worth approximately $54,000. Pettinga Financial Advisors LLC grew its stake in Sprott Physical Platinum & Palladium Tr by 13.2% during the second quarter. Pettinga Financial Advisors LLC now owns 18,400 shares of the company’s stock worth $229,000 after purchasing an additional 2,150 shares during the period. VectorGlobal IAG Inc. bought a new stake in Sprott Physical Platinum & Palladium Tr in the first quarter worth approximately $1,235,000. Finally, Weiss Asset Management LP acquired a new position in Sprott Physical Platinum & Palladium Tr in the first quarter valued at approximately $10,800,000.

Sprott Physical Platinum & Palladium Tr Stock Performance

Shares of NYSEARCA SPPP remained flat at $13.96 during midday trading on Thursday. 337,052 shares of the stock were exchanged, compared to its average volume of 770,819. The firm has a fifty day simple moving average of $14.12 and a 200 day simple moving average of $14.63. Sprott Physical Platinum & Palladium Tr has a 1 year low of $12.15 and a 1 year high of $23.81.

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.