Sprott Physical Gold Trust (NYSEARCA:PHYS) Short Interest Update

Sprott Physical Gold Trust (NYSEARCA:PHYS) saw a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 1,213,757 shares, a growth of 40.0% from the November 30th total of 866,682 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 3,873,201 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily trading volume, of 3,873,201 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.3% of the shares of the company are sold short.

Hedge Funds Weigh In On Sprott Physical Gold Trust

Institutional investors have recently bought and sold shares of the company. Ameriflex Group Inc. grew its holdings in Sprott Physical Gold Trust by 66.7% during the second quarter. Ameriflex Group Inc. now owns 1,000 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 400 shares during the period. Manchester Capital Management LLC purchased a new position in shares of Sprott Physical Gold Trust during the 2nd quarter valued at $25,000. Tradewinds Capital Management LLC grew its stake in shares of Sprott Physical Gold Trust by 59.8% during the 2nd quarter. Tradewinds Capital Management LLC now owns 1,088 shares of the exchange traded fund’s stock worth $28,000 after acquiring an additional 407 shares during the period. MTM Investment Management LLC purchased a new stake in Sprott Physical Gold Trust in the 2nd quarter worth about $30,000. Finally, Hilltop National Bank purchased a new stake in Sprott Physical Gold Trust in the 2nd quarter worth about $32,000.

Sprott Physical Gold Trust Stock Performance

PHYS opened at $33.16 on Tuesday. Sprott Physical Gold Trust has a fifty-two week low of $19.96 and a fifty-two week high of $34.83. The firm has a 50-day moving average of $31.80 and a 200 day moving average of $28.77.

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.