Sprott Physical Platinum & Palladium Tr (NYSEARCA:SPPP) Short Interest Update

Sprott Physical Platinum & Palladium Tr (NYSEARCA:SPPP) saw a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 296,000 shares, a decline of 51.8% from the September 15th total of 614,300 shares. Based on an average trading volume of 920,400 shares, the short-interest ratio is currently 0.3 days. Based on an average trading volume of 920,400 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SPPP. Financial Enhancement Group LLC raised its position in Sprott Physical Platinum & Palladium Tr by 3.6% during the 1st quarter. Financial Enhancement Group LLC now owns 116,091 shares of the company’s stock valued at $1,080,000 after purchasing an additional 4,004 shares during the last quarter. Envestnet Asset Management Inc. raised its position in Sprott Physical Platinum & Palladium Tr by 135.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 140,762 shares of the company’s stock valued at $1,399,000 after purchasing an additional 80,867 shares during the last quarter. Trek Financial LLC bought a new position in Sprott Physical Platinum & Palladium Tr during the 1st quarter valued at approximately $982,000. Sigma Planning Corp bought a new position in Sprott Physical Platinum & Palladium Tr during the 1st quarter valued at approximately $137,000. Finally, Pettinga Financial Advisors LLC raised its position in Sprott Physical Platinum & Palladium Tr by 41.3% during the 1st quarter. Pettinga Financial Advisors LLC now owns 21,550 shares of the company’s stock valued at $214,000 after purchasing an additional 6,300 shares during the last quarter.

Sprott Physical Platinum & Palladium Tr Price Performance

NYSEARCA SPPP opened at $13.74 on Wednesday. Sprott Physical Platinum & Palladium Tr has a 1-year low of $8.83 and a 1-year high of $15.65. The stock has a 50-day moving average of $12.97 and a 200-day moving average of $11.62.

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.