Sprott Physical Platinum & Palladium Tr (NYSEARCA:SPPP) Sees Large Decline in Short Interest

Sprott Physical Platinum & Palladium Tr (NYSEARCA:SPPP) was the target of a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 14,037 shares, a decrease of 45.4% from the April 30th total of 25,693 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 442,520 shares, the short-interest ratio is presently 0.0 days.

Hedge Funds Weigh In On Sprott Physical Platinum & Palladium Tr

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. IMC Chicago LLC lifted its stake in 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. Jane Street Group LLC bought a new position in Sprott Physical Platinum & Palladium Tr in the 4th quarter valued at approximately $26,121,000. Royal Bank of Canada lifted its stake in Sprott Physical Platinum & Palladium Tr by 53.7% in the 4th quarter. Royal Bank of Canada now owns 886,869 shares of the company’s stock valued at $14,935,000 after purchasing an additional 309,907 shares during the last quarter. Fielder Capital Group LLC lifted its stake in Sprott Physical Platinum & Palladium Tr by 5.6% in the 4th quarter. Fielder Capital Group LLC now owns 850,344 shares of the company’s stock valued at $14,320,000 after purchasing an additional 45,009 shares during the last quarter. Finally, Hatch Cove Capital LLC bought a new position in Sprott Physical Platinum & Palladium Tr in the 4th quarter valued at approximately $14,004,000.

Sprott Physical Platinum & Palladium Tr Price Performance

Shares of NYSEARCA:SPPP opened at $14.42 on Thursday. The firm has a 50 day simple moving average of $15.61 and a 200 day simple moving average of $16.54. Sprott Physical Platinum & Palladium Tr has a one year low of $10.25 and a one year high of $23.81.

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.