Short Interest in Sprott Physical Gold Trust (NYSEARCA:PHYS) Declines By 25.3%

Sprott Physical Gold Trust (NYSEARCA:PHYS) was the target of a large decrease in short interest in March. As of March 13th, there was short interest totaling 1,132,117 shares, a decrease of 25.3% from the February 26th total of 1,516,233 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 5,713,413 shares, the short-interest ratio is presently 0.2 days.

Sprott Physical Gold Trust Stock Performance

PHYS traded up $1.10 during trading hours on Friday, hitting $34.11. 5,658,276 shares of the stock were exchanged, compared to its average volume of 8,834,177. The stock has a 50-day simple moving average of $37.61 and a 200-day simple moving average of $33.66. Sprott Physical Gold Trust has a 12 month low of $22.72 and a 12 month high of $42.07.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Fiduciary Alliance LLC raised its holdings in shares of Sprott Physical Gold Trust by 4.4% during the fourth quarter. Fiduciary Alliance LLC now owns 7,195 shares of the exchange traded fund’s stock valued at $238,000 after buying an additional 300 shares during the last quarter. Latitude Advisors LLC grew its holdings in Sprott Physical Gold Trust by 1.0% in the 4th quarter. Latitude Advisors LLC now owns 30,540 shares of the exchange traded fund’s stock worth $1,008,000 after buying an additional 300 shares in the last quarter. Principal Securities Inc. increased its position in Sprott Physical Gold Trust by 2.5% in the 4th quarter. Principal Securities Inc. now owns 12,600 shares of the exchange traded fund’s stock valued at $416,000 after acquiring an additional 302 shares during the period. Stratos Wealth Advisors LLC increased its position in Sprott Physical Gold Trust by 2.1% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 18,866 shares of the exchange traded fund’s stock valued at $559,000 after acquiring an additional 392 shares during the period. Finally, U.S. Capital Wealth Advisors LLC raised its stake in Sprott Physical Gold Trust by 1.4% during the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 28,021 shares of the exchange traded fund’s stock valued at $830,000 after acquiring 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.