Sprott Physical Platinum & Palladium Tr (NYSEARCA:SPPP) Sees Significant Decrease in Short Interest

Sprott Physical Platinum & Palladium Tr (NYSEARCA:SPPP) was the target of a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 40,140 shares, a decline of 87.0% from the September 15th total of 309,170 shares. Based on an average daily trading volume, of 426,368 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are sold short.

Sprott Physical Platinum & Palladium Tr Price Performance

Shares of SPPP traded up $0.30 during trading hours on Friday, reaching $13.12. 206,194 shares of the company traded hands, compared to its average volume of 747,131. Sprott Physical Platinum & Palladium Tr has a 12-month low of $12.15 and a 12-month high of $23.81. The business has a fifty day moving average price of $14.18 and a 200-day moving average price of $14.38.

Institutional Trading of Sprott Physical Platinum & Palladium Tr

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. IMC Chicago LLC increased its holdings in shares of Sprott Physical Platinum & Palladium Tr by 36.5% in the first quarter. IMC Chicago LLC now owns 3,002,396 shares of the company’s stock valued at $46,627,000 after purchasing an additional 803,590 shares during the period. Weiss Asset Management LP acquired a new stake in shares of Sprott Physical Platinum & Palladium Tr during the first quarter worth about $10,800,000. International Assets Investment Management LLC lifted its holdings in shares of Sprott Physical Platinum & Palladium Tr by 93.5% during the first quarter. International Assets Investment Management LLC now owns 139,518 shares of the company’s stock worth $2,176,000 after purchasing an additional 67,426 shares during the period. VectorGlobal IAG Inc. purchased a new stake in Sprott Physical Platinum & Palladium Tr in the first quarter valued at approximately $1,235,000. Finally, Cannell & Spears LLC boosted its position in Sprott Physical Platinum & Palladium Tr by 16.7% in the first quarter. Cannell & Spears LLC now owns 35,000 shares of the company’s stock valued at $544,000 after buying an additional 5,000 shares during the last quarter.

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.