Sprott Physical Platinum & Palladium Tr (NYSEARCA:SPPP – Get Free Report) was the target of a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 40,140 shares, a decline of 87.0% from the September 15th total of 309,170 shares. Based on an average daily volume of 426,368 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are short sold.
Sprott Physical Platinum & Palladium Tr Stock Performance
Shares of SPPP stock traded up $0.30 during trading hours on Friday, reaching $13.12. 206,194 shares of the company’s stock were exchanged, compared to its average volume of 747,131. Sprott Physical Platinum & Palladium Tr has a fifty-two week low of $12.15 and a fifty-two week high of $23.81. The stock’s 50 day moving average is $14.18 and its 200-day moving average is $14.38.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the business. IMC Chicago LLC raised its position in shares of Sprott Physical Platinum & Palladium Tr by 36.5% in the 1st 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 in the 1st quarter worth approximately $10,800,000. International Assets Investment Management LLC grew its position in Sprott Physical Platinum & Palladium Tr by 93.5% during the 1st quarter. International Assets Investment Management LLC now owns 139,518 shares of the company’s stock worth $2,176,000 after purchasing an additional 67,426 shares during the last quarter. VectorGlobal IAG Inc. purchased a new stake in Sprott Physical Platinum & Palladium Tr during the 1st quarter worth approximately $1,235,000. Finally, Cannell & Spears LLC increased its stake in Sprott Physical Platinum & Palladium Tr by 16.7% during the 1st quarter. Cannell & Spears LLC now owns 35,000 shares of the company’s stock valued at $544,000 after purchasing an additional 5,000 shares in the last quarter.
Sprott Physical Platinum & Palladium Tr Company Profile
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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