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

Sprott Physical Platinum & Palladium Tr (NYSEARCA:SPPP) was the target of a significant drop in short interest during 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. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 676,888 shares, the short-interest ratio is presently 0.0 days.

Sprott Physical Platinum & Palladium Tr Price Performance

Shares of NYSEARCA:SPPP traded up $0.16 during midday trading on Friday, reaching $14.47. The company’s stock had a trading volume of 197,921 shares, compared to its average volume of 789,959. The business has a 50 day moving average price of $13.92 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.

Institutional Investors Weigh In On Sprott Physical Platinum & Palladium Tr

Several institutional investors and hedge funds have recently modified their holdings of SPPP. Jane Street Group LLC acquired a new stake in shares of Sprott Physical Platinum & Palladium Tr during the fourth quarter valued at about $26,121,000. Hatch Cove Capital LLC bought a new stake in shares of Sprott Physical Platinum & Palladium Tr in the 4th quarter valued at approximately $14,004,000. IMC Chicago LLC increased its stake in Sprott Physical Platinum & Palladium Tr by 36.5% during 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 last quarter. Weiss Asset Management LP acquired a new stake in Sprott Physical Platinum & Palladium Tr during the first quarter worth about $10,800,000. Finally, Raymond James Financial Inc. raised its position in shares of Sprott Physical Platinum & Palladium Tr by 241.0% during the 3rd quarter. Raymond James Financial Inc. now owns 512,553 shares of the company’s stock worth $6,960,000 after purchasing an additional 362,243 shares during the period.

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.