Sprott Physical Platinum & Palladium Tr (NYSEARCA:SPPP) Shares Shorted: Short Interest Down 87.0% in September

Sprott Physical Platinum & Palladium Tr (NYSEARCA:SPPP) was the recipient of a large 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 trading volume, of 426,368 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s stock are short sold.

Hedge Funds Weigh In On Sprott Physical Platinum & Palladium Tr

Several institutional investors and hedge funds have recently bought and sold shares of the company. IMC Chicago LLC lifted its holdings in shares of Sprott Physical Platinum & Palladium Tr by 36.5% during 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 shares of Sprott Physical Platinum & Palladium Tr in the 1st quarter worth $10,800,000. International Assets Investment Management LLC grew its stake 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 buying an additional 67,426 shares during the last quarter. VectorGlobal IAG Inc. purchased a new position in Sprott Physical Platinum & Palladium Tr during the 1st quarter worth $1,235,000. Finally, Cannell & Spears LLC grew 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 worth $544,000 after buying an additional 5,000 shares during the last quarter.

Sprott Physical Platinum & Palladium Tr Trading Up 2.3%

Shares of NYSEARCA SPPP traded up $0.30 during trading hours on Friday, hitting $13.12. 206,194 shares of the stock were exchanged, compared to its average volume of 747,131. Sprott Physical Platinum & Palladium Tr has a 12 month low of $12.15 and a 12 month high of $23.81. The firm has a fifty day moving average price of $14.18 and a 200-day moving average price of $14.38.

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.