Short Interest in Sprott Physical Platinum & Palladium Tr (NYSEARCA:SPPP) Decreases By 44.7%

Sprott Physical Platinum & Palladium Tr (NYSEARCA:SPPP) was the target of a large drop in short interest in August. As of August 14th, there was short interest totaling 67,965 shares, a drop of 44.7% from the July 30th total of 122,802 shares. Based on an average trading volume of 769,745 shares, the short-interest ratio is presently 0.1 days. Approximately 0.2% of the shares of the company are short sold.

Institutional Trading of Sprott Physical Platinum & Palladium Tr

Large investors have recently modified their holdings of the company. Cetera Investment Advisers lifted its position in Sprott Physical Platinum & Palladium Tr by 5.3% during the 2nd quarter. Cetera Investment Advisers now owns 18,549 shares of the company’s stock worth $218,000 after acquiring an additional 940 shares during the last quarter. Pettinga Financial Advisors LLC increased its stake in shares of Sprott Physical Platinum & Palladium Tr by 13.2% in the second quarter. Pettinga Financial Advisors LLC now owns 18,400 shares of the company’s stock worth $229,000 after purchasing an additional 2,150 shares during the period. AdvisorNet Financial Inc increased its stake in shares of Sprott Physical Platinum & Palladium Tr by 123.8% in the first quarter. AdvisorNet Financial Inc now owns 4,835 shares of the company’s stock worth $75,000 after purchasing an additional 2,675 shares during the period. CIBC Private Wealth Group LLC acquired a new position in shares of Sprott Physical Platinum & Palladium Tr during the 4th quarter worth about $45,000. Finally, Advisory Services Network LLC acquired a new position in shares of Sprott Physical Platinum & Palladium Tr during the 3rd quarter worth about $38,000.

Sprott Physical Platinum & Palladium Tr Stock Down 2.5%

SPPP traded down $0.36 on Tuesday, hitting $14.33. The company had a trading volume of 2,005,753 shares, compared to its average volume of 795,464. The company’s fifty day moving average price is $13.54 and its 200 day moving average price is $14.98. Sprott Physical Platinum & Palladium Tr has a 1-year low of $12.00 and a 1-year high of $23.81.

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.