Sprott Physical Platinum & Palladium Tr (NYSEARCA:SPPP – Get Free Report) was the recipient of a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 25,693 shares, a growth of 163.4% from the April 15th total of 9,755 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 410,975 shares, the days-to-cover ratio is currently 0.1 days.
Sprott Physical Platinum & Palladium Tr Price Performance
Sprott Physical Platinum & Palladium Tr stock opened at $15.40 on Friday. Sprott Physical Platinum & Palladium Tr has a 1-year low of $9.56 and a 1-year high of $23.81. The business has a fifty day moving average price of $15.96 and a 200-day moving average price of $16.43.
Institutional Investors Weigh In On Sprott Physical Platinum & Palladium Tr
Institutional investors have recently added to or reduced their stakes in the business. Fielder Capital Group LLC boosted its holdings in Sprott Physical Platinum & Palladium Tr by 7.7% in the third quarter. Fielder Capital Group LLC now owns 805,335 shares of the company’s stock worth $10,936,000 after acquiring an additional 57,870 shares in the last quarter. HighTower Advisors LLC boosted its holdings in Sprott Physical Platinum & Palladium Tr by 123.3% in the third quarter. HighTower Advisors LLC now owns 95,139 shares of the company’s stock worth $1,292,000 after acquiring an additional 52,529 shares in the last quarter. Pictet Asset Management Holding SA boosted its holdings in Sprott Physical Platinum & Palladium Tr by 41.2% in the fourth quarter. Pictet Asset Management Holding SA now owns 469,466 shares of the company’s stock worth $7,906,000 after acquiring an additional 136,964 shares in the last quarter. Wolverine Asset Management LLC acquired a new stake in Sprott Physical Platinum & Palladium Tr in the fourth quarter worth about $2,616,000. Finally, International Assets Investment Management LLC acquired a new stake in Sprott Physical Platinum & Palladium Tr in the fourth quarter worth about $1,214,000.
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.
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