Sprott Physical Gold Trust (NYSEARCA:PHYS) Sees Large Decline in Short Interest

Sprott Physical Gold Trust (NYSEARCA:PHYS) was the recipient of a large decline in short interest in the month of February. As of February 13th, there was short interest totaling 861,198 shares, a decline of 33.3% from the January 29th total of 1,290,810 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 11,010,327 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 11,010,327 shares, the short-interest ratio is currently 0.1 days. Currently, 0.2% of the company’s shares are short sold.

Sprott Physical Gold Trust Price Performance

Shares of Sprott Physical Gold Trust stock traded up $0.55 on Monday, reaching $40.70. The company had a trading volume of 6,766,040 shares, compared to its average volume of 9,491,762. The firm’s 50 day moving average price is $36.46 and its two-hundred day moving average price is $32.21. Sprott Physical Gold Trust has a 52-week low of $22.23 and a 52-week high of $42.07.

Institutional Trading of Sprott Physical Gold Trust

Institutional investors and hedge funds have recently bought and sold shares of the business. Fiduciary Alliance LLC grew its holdings in shares of Sprott Physical Gold Trust by 4.4% in the fourth quarter. Fiduciary Alliance LLC now owns 7,195 shares of the exchange traded fund’s stock valued at $238,000 after purchasing an additional 300 shares in the last quarter. Latitude Advisors LLC raised its stake in shares of Sprott Physical Gold Trust by 1.0% in the fourth quarter. Latitude Advisors LLC now owns 30,540 shares of the exchange traded fund’s stock valued at $1,008,000 after acquiring an additional 300 shares in the last quarter. Principal Securities Inc. boosted its holdings in Sprott Physical Gold Trust by 2.5% in the fourth quarter. Principal Securities Inc. now owns 12,600 shares of the exchange traded fund’s stock valued at $416,000 after purchasing an additional 302 shares during the period. Stratos Wealth Advisors LLC grew its stake in Sprott Physical Gold Trust by 2.1% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 18,866 shares of the exchange traded fund’s stock worth $559,000 after purchasing an additional 392 shares in the last quarter. Finally, Parkside Financial Bank & Trust grew its stake in Sprott Physical Gold Trust by 36.4% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,500 shares of the exchange traded fund’s stock worth $38,000 after purchasing an additional 400 shares in the last quarter.

About Sprott Physical Gold Trust

Sprott Physical Gold Trust operates as a closed-end investment trust, which engages in investing and holding all of its assets in physical gold bullion. Its investment objective is to provide a secure, convenient, and exchange-traded investment alternative for investors through investing primarily in long-term holdings of unencumbered, fully allocated, physical gold bullion and will not speculate with regard to short-term changes in gold prices. The company was founded on August 28, 2009 and is headquartered in Toronto, Canada.