Short Interest in Sprott Physical Platinum & Palladium Tr (NYSEARCA:SPPP) Rises By 982.0%

Sprott Physical Platinum & Palladium Tr (NYSEARCA:SPPP) was the target of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 157,911 shares, an increase of 982.0% from the May 31st total of 14,594 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily volume of 514,186 shares, the days-to-cover ratio is presently 0.3 days.

Sprott Physical Platinum & Palladium Tr Trading Up 2.3%

SPPP stock opened at $12.55 on Friday. The firm has a 50 day moving average price of $14.92 and a 200-day moving average price of $16.48. Sprott Physical Platinum & Palladium Tr has a 52-week low of $11.56 and a 52-week high of $23.81.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. IMC Chicago LLC increased its holdings in shares of Sprott Physical Platinum & Palladium Tr by 36.5% during the first quarter. IMC Chicago LLC now owns 3,002,396 shares of the company’s stock valued at $46,627,000 after acquiring an additional 803,590 shares in the last quarter. Jane Street Group LLC purchased a new stake in Sprott Physical Platinum & Palladium Tr during the 4th quarter valued at about $26,121,000. Royal Bank of Canada grew its position 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 purchasing an additional 309,907 shares during the last quarter. Fielder Capital Group LLC grew its position in Sprott Physical Platinum & Palladium Tr by 5.6% during the 4th quarter. Fielder Capital Group LLC now owns 850,344 shares of the company’s stock valued at $14,320,000 after purchasing an additional 45,009 shares during the last quarter. Finally, Hatch Cove Capital LLC bought a new stake in Sprott Physical Platinum & Palladium Tr during the 4th quarter valued at about $14,004,000.

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.