Sprott Physical Gold Trust (NYSEARCA:PHYS) Short Interest Down 36.0% in March

Sprott Physical Gold Trust (NYSEARCA:PHYS) was the recipient of a large decline in short interest in the month of March. As of March 31st, there was short interest totaling 724,448 shares, a decline of 36.0% from the March 15th total of 1,132,117 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 8,516,130 shares, the days-to-cover ratio is currently 0.1 days.

Sprott Physical Gold Trust Trading Up 2.2%

Sprott Physical Gold Trust stock traded up $0.79 on Tuesday, hitting $36.73. The company’s stock had a trading volume of 3,573,978 shares, compared to its average volume of 8,122,131. The company has a fifty day moving average price of $37.12 and a 200-day moving average price of $34.31. Sprott Physical Gold Trust has a one year low of $24.07 and a one year high of $42.07.

Institutional Investors Weigh In On Sprott Physical Gold Trust

Several institutional investors and hedge funds have recently bought and sold shares of PHYS. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Sprott Physical Gold Trust in the 4th quarter worth about $33,000. Financial Management Professionals Inc. bought a new stake in shares of Sprott Physical Gold Trust in the 4th quarter worth about $36,000. Eastern Bank bought a new stake in shares of Sprott Physical Gold Trust in the 4th quarter worth about $47,000. Strategic Advocates LLC bought a new stake in shares of Sprott Physical Gold Trust in the 3rd quarter worth about $51,000. Finally, Mcguire Capital Advisors Inc. bought a new stake in shares of Sprott Physical Gold Trust in the 4th quarter worth about $64,000.

Sprott Physical Gold Trust Company Profile

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.