Sprott Physical Platinum & Palladium Tr (NYSEARCA:SPPP – Get Free Report) saw a significant drop in short interest in 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. Based on an average daily trading volume, of 676,888 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are sold short.
Sprott Physical Platinum & Palladium Tr Trading Up 1.0%
Shares of SPPP stock traded up $0.14 on Friday, hitting $14.45. The company’s stock had a trading volume of 114,578 shares, compared to its average volume of 789,440. The stock’s 50 day moving average is $13.89 and its 200-day moving average is $14.86. Sprott Physical Platinum & Palladium Tr has a fifty-two week low of $12.06 and a fifty-two week high of $23.81.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in SPPP. Ameritas Advisory Services LLC bought a new position in shares of Sprott Physical Platinum & Palladium Tr during the second quarter worth approximately $50,000. Compass Financial Management LLC acquired a new stake in Sprott Physical Platinum & Palladium Tr during the second quarter worth approximately $54,000. Pettinga Financial Advisors LLC grew its position in Sprott Physical Platinum & Palladium Tr by 13.2% during the second quarter. Pettinga Financial Advisors LLC now owns 18,400 shares of the company’s stock worth $229,000 after buying an additional 2,150 shares in the last quarter. VectorGlobal IAG Inc. bought a new position in Sprott Physical Platinum & Palladium Tr during the 1st quarter worth $1,235,000. Finally, Weiss Asset Management LP bought a new position in Sprott Physical Platinum & Palladium Tr during the 1st quarter worth $10,800,000.
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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