Sprott Physical Platinum & Palladium Tr (NYSEARCA:SPPP) Sees Significant Drop in Short Interest

Sprott Physical Platinum & Palladium Tr (NYSEARCA:SPPP) saw a significant decline in short interest during the month of February. As of February 13th, there was short interest totaling 22,051 shares, a decline of 52.5% from the January 29th total of 46,444 shares. Based on an average trading volume of 1,049,378 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.1% of the company’s shares are sold short. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 1,049,378 shares, the days-to-cover ratio is currently 0.0 days.

Sprott Physical Platinum & Palladium Tr Stock Performance

NYSEARCA:SPPP traded up $0.48 during midday trading on Friday, hitting $18.91. 491,433 shares of the company traded hands, compared to its average volume of 1,317,432. The firm’s fifty day moving average is $18.42 and its 200-day moving average is $15.24. Sprott Physical Platinum & Palladium Tr has a 12-month low of $8.91 and a 12-month high of $23.81.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of SPPP. IMC Chicago LLC purchased a new stake in shares of Sprott Physical Platinum & Palladium Tr in the fourth quarter worth approximately $37,028,000. Jane Street Group LLC purchased a new stake in shares of Sprott Physical Platinum & Palladium Tr during the fourth quarter valued at $26,121,000. Pale Fire Capital SE bought a new position in shares of Sprott Physical Platinum & Palladium Tr in the second quarter worth about $13,754,000. Royal Bank of Canada lifted its holdings in Sprott Physical Platinum & Palladium Tr by 53.7% during the 4th quarter. Royal Bank of Canada now owns 886,869 shares of the company’s stock valued at $14,935,000 after buying an additional 309,907 shares in the last quarter. Finally, Fielder Capital Group LLC boosted its position 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 buying an additional 45,009 shares during the period.

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.