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

Sprott Physical Gold Trust (NYSEARCA:PHYS) was the target of a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 492,276 shares, a decrease of 43.8% from the August 31st total of 876,301 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 3,950,338 shares, the short-interest ratio is presently 0.1 days.

Sprott Physical Gold Trust Price Performance

Shares of PHYS stock traded up $0.01 during trading hours on Friday, reaching $31.45. The company’s stock had a trading volume of 871,893 shares, compared to its average volume of 5,362,307. Sprott Physical Gold Trust has a one year low of $29.30 and a one year high of $42.07. The firm’s fifty day simple moving average is $32.74 and its 200 day simple moving average is $33.28.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Scarborough Advisors LLC boosted its stake in shares of Sprott Physical Gold Trust by 2,202.0% during the 1st quarter. Scarborough Advisors LLC now owns 1,151 shares of the exchange traded fund’s stock valued at $41,000 after purchasing an additional 1,101 shares in the last quarter. Main Street Group LTD bought a new position in Sprott Physical Gold Trust in the first quarter worth about $54,000. Continuum Advisory LLC purchased a new stake in Sprott Physical Gold Trust in the second quarter worth about $97,000. Purpose Unlimited Inc. purchased a new stake in Sprott Physical Gold Trust in the fourth quarter worth about $109,000. Finally, Webster Bank N. A. boosted its position in Sprott Physical Gold Trust by 547.0% during the 1st quarter. Webster Bank N. A. now owns 3,785 shares of the exchange traded fund’s stock valued at $134,000 after acquiring an additional 3,200 shares in the last quarter.

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.