Sprott Physical Gold Trust (NYSEARCA:PHYS) Short Interest Up 48.9% in July

Sprott Physical Gold Trust (NYSEARCA:PHYS) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 1,046,398 shares, a growth of 48.9% from the July 15th total of 702,728 shares. Based on an average daily trading volume, of 3,140,897 shares, the short-interest ratio is presently 0.3 days. Approximately 0.2% of the shares of the company are short sold.

Sprott Physical Gold Trust Stock Up 2.7%

PHYS traded up $0.90 during midday trading on Wednesday, reaching $33.92. The company had a trading volume of 4,888,887 shares, compared to its average volume of 5,523,835. Sprott Physical Gold Trust has a 12-month low of $25.55 and a 12-month high of $42.07. The business has a 50-day moving average price of $31.34 and a two-hundred day moving average price of $34.46.

Institutional Trading of Sprott Physical Gold Trust

A number of large investors have recently bought and sold shares of the company. Royal Bank of Canada lifted its position in shares of Sprott Physical Gold Trust by 8.2% during the 4th quarter. Royal Bank of Canada now owns 9,516,053 shares of the exchange traded fund’s stock valued at $314,220,000 after buying an additional 724,321 shares during the last quarter. Federation des caisses Desjardins du Quebec increased its holdings in Sprott Physical Gold Trust by 2.3% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 5,589,846 shares of the exchange traded fund’s stock worth $184,642,000 after acquiring an additional 125,087 shares during the last quarter. CENTRAL TRUST Co lifted its holdings in Sprott Physical Gold Trust by 26.3% during the first quarter. CENTRAL TRUST Co now owns 5,542,655 shares of the exchange traded fund’s stock valued at $196,432,000 after purchasing an additional 1,154,326 shares during the last quarter. Heritage Wealth Advisors bought a new position in Sprott Physical Gold Trust during the fourth quarter worth about $169,676,000. Finally, Pekin Hardy Strauss Inc. boosted its position in Sprott Physical Gold Trust by 1.3% during the fourth quarter. Pekin Hardy Strauss Inc. now owns 4,318,119 shares of the exchange traded fund’s stock worth $142,584,000 after purchasing an additional 56,549 shares during the period.

Sprott Physical Gold Trust Company Profile

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.