Sprott Physical Platinum & Palladium Tr (NYSEARCA:SPPP) Shares Shorted: Short Interest Up 3,189.4% in September

Sprott Physical Platinum & Palladium Tr (NYSEARCA:SPPP) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totaling 309,170 shares, an increase of 3,189.4% from the August 31st total of 9,399 shares. Currently, 0.8% of the shares of the company are sold short. Based on an average trading volume of 710,246 shares, the short-interest ratio is presently 0.4 days.

Hedge Funds Weigh In On Sprott Physical Platinum & Palladium Tr

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ameritas Advisory Services LLC purchased a new stake in shares of Sprott Physical Platinum & Palladium Tr in the second quarter valued at approximately $50,000. Compass Financial Management LLC purchased a new position in Sprott Physical Platinum & Palladium Tr in the second quarter worth $54,000. Pettinga Financial Advisors LLC lifted its holdings in 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 valued at $229,000 after acquiring an additional 2,150 shares during the period. VectorGlobal IAG Inc. acquired a new stake in Sprott Physical Platinum & Palladium Tr in the first quarter valued at $1,235,000. Finally, Weiss Asset Management LP purchased a new stake in shares of Sprott Physical Platinum & Palladium Tr during the 1st quarter worth $10,800,000.

Sprott Physical Platinum & Palladium Tr Trading Up 0.3%

Shares of Sprott Physical Platinum & Palladium Tr stock traded up $0.04 on Friday, reaching $14.00. 111,584 shares of the stock were exchanged, compared to its average volume of 767,093. Sprott Physical Platinum & Palladium Tr has a 1-year low of $12.15 and a 1-year high of $23.81. The business has a fifty day moving average price of $14.14 and a two-hundred day moving average price of $14.61.

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.