Sprott Physical Platinum & Palladium Tr (NYSEARCA:SPPP) Stock Short Interest Report for October

Sprott Physical Platinum & Palladium Tr (NYSEARCA:SPPP) saw a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 84,659 shares, a growth of 110.9% from the September 30th total of 40,140 shares. Based on an average daily trading volume, of 318,295 shares, the short-interest ratio is presently 0.3 days. Approximately 0.2% of the shares of the company are sold short.

Sprott Physical Platinum & Palladium Tr Stock Performance

Shares of SPPP traded down $0.35 on Friday, reaching $11.27. The company’s stock had a trading volume of 1,274,295 shares, compared to its average volume of 723,439. The stock’s 50 day simple moving average is $13.62 and its two-hundred day simple moving average is $15.09. Sprott Physical Platinum & Palladium Tr has a 12-month low of $11.10 and a 12-month high of $23.81.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Ameritas Advisory Services LLC bought a new stake in Sprott Physical Platinum & Palladium Tr during the second quarter valued at about $50,000. Compass Financial Management LLC purchased a new stake in Sprott Physical Platinum & Palladium Tr during the second quarter valued at approximately $54,000. Main Street Group LTD acquired a new position in shares of Sprott Physical Platinum & Palladium Tr during the first quarter worth $78,000. Pettinga Financial Advisors LLC grew its stake in Sprott Physical Platinum & Palladium Tr by 13.2% during the 2nd 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 during the last quarter. Finally, Janney Montgomery Scott LLC acquired a new position in Sprott Physical Platinum & Palladium Tr during the 1st quarter valued at about $296,000.

About Sprott Physical Platinum & Palladium Tr

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.