Sprott Physical Gold Trust (NYSEARCA:PHYS) Sees Significant Growth in Short Interest

Sprott Physical Gold Trust (NYSEARCA:PHYS) saw a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 1,708,384 shares, a growth of 40.8% from the December 15th total of 1,213,757 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 5,117,536 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily trading volume, of 5,117,536 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.4% of the company’s shares are sold short.

Hedge Funds Weigh In On Sprott Physical Gold Trust

A number of hedge funds have recently made changes to their positions in the stock. IMC Chicago LLC increased its holdings in shares of Sprott Physical Gold Trust by 2,849.6% during the 2nd quarter. IMC Chicago LLC now owns 3,204,243 shares of the exchange traded fund’s stock worth $81,228,000 after buying an additional 3,095,611 shares during the last quarter. Jupiter Asset Management Ltd. increased its stake in Sprott Physical Gold Trust by 39.8% during the third quarter. Jupiter Asset Management Ltd. now owns 3,145,855 shares of the exchange traded fund’s stock worth $92,913,000 after acquiring an additional 896,347 shares during the last quarter. Jane Street Group LLC increased its stake in Sprott Physical Gold Trust by 65.8% during the second quarter. Jane Street Group LLC now owns 1,618,276 shares of the exchange traded fund’s stock worth $41,023,000 after acquiring an additional 642,224 shares during the last quarter. Cerity Partners LLC raised its holdings in shares of Sprott Physical Gold Trust by 552.0% in the 3rd quarter. Cerity Partners LLC now owns 508,322 shares of the exchange traded fund’s stock worth $15,057,000 after purchasing an additional 430,358 shares during the period. Finally, Hengehold Capital Management LLC raised its holdings in shares of Sprott Physical Gold Trust by 982.6% in the 2nd quarter. Hengehold Capital Management LLC now owns 456,451 shares of the exchange traded fund’s stock worth $11,571,000 after purchasing an additional 414,288 shares during the period.

Sprott Physical Gold Trust Trading Down 0.4%

Shares of PHYS stock traded down $0.15 during trading hours on Friday, hitting $35.03. 4,698,633 shares of the company were exchanged, compared to its average volume of 4,982,973. Sprott Physical Gold Trust has a 1 year low of $20.85 and a 1 year high of $35.47. The firm has a fifty day moving average of $32.87 and a 200 day moving average of $29.55.

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.