Short Interest in Sprott Physical Gold Trust (NYSEARCA:PHYS) Expands By 40.8%

Sprott Physical Gold Trust (NYSEARCA:PHYS) was the recipient of a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 1,708,384 shares, a growth of 40.8% from the December 15th total of 1,213,757 shares. Based on an average daily trading volume, of 5,117,536 shares, the short-interest ratio is currently 0.3 days. Approximately 0.4% of the shares of the company are sold short. Approximately 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 5,117,536 shares, the short-interest ratio is currently 0.3 days.

Sprott Physical Gold Trust Stock Down 0.4%

PHYS stock opened at $35.03 on Monday. The firm’s 50-day simple moving average is $32.87 and its 200 day simple moving average is $29.61. Sprott Physical Gold Trust has a fifty-two week low of $20.85 and a fifty-two week high of $35.47.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. World Investment Advisors increased its position in Sprott Physical Gold Trust by 36.4% during the 3rd quarter. World Investment Advisors now owns 192,058 shares of the exchange traded fund’s stock worth $5,689,000 after purchasing an additional 51,243 shares in the last quarter. D.A. Davidson & CO. bought a new position in shares of Sprott Physical Gold Trust in the 3rd quarter worth about $883,000. Avantax Advisory Services Inc. lifted its stake in Sprott Physical Gold Trust by 32.3% in the second quarter. Avantax Advisory Services Inc. now owns 545,100 shares of the exchange traded fund’s stock valued at $13,818,000 after buying an additional 132,995 shares during the period. Concurrent Investment Advisors LLC grew its holdings in Sprott Physical Gold Trust by 129.2% in the third quarter. Concurrent Investment Advisors LLC now owns 50,432 shares of the exchange traded fund’s stock worth $1,494,000 after purchasing an additional 28,428 shares during the period. Finally, CWM LLC raised its stake in Sprott Physical Gold Trust by 64.0% during the 3rd quarter. CWM LLC now owns 70,078 shares of the exchange traded fund’s stock worth $2,076,000 after buying an additional 27,355 shares during the period.

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.