Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF) Sees Significant Growth in Short Interest

Key Points

• Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF) experienced a 75.7% increase in short interest in August, growing from 364,100 to 639,600 shares.
• Institutional investors showed significant activity, with Bluefin Capital Management investing approximately $37.8 million and GAMMA Investing increasing its stake by 2,741% in the first quarter.
• The stock price as of Monday was $34.15, with a 12-month high of $34.26 and a low of $23.53.

Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF - ) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 639,600 shares, a growth of 75.7% from the August 15th total of 364,100 shares. Based on an average daily volume of 559,400 shares, the days-to-cover ratio is currently 1.1 days. Approximately 0.3% of the company's stock are short sold. Approximately 0.3% of the company's stock are short sold. Based on an average daily volume of 559,400 shares, the days-to-cover ratio is currently 1.1 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bluefin Capital Management LLC purchased a new stake in shares of Sprott Physical Gold and Silver Trust during the first quarter worth about $37,797,000. Arkadios Wealth Advisors purchased a new stake in shares of Sprott Physical Gold and Silver Trust during the first quarter worth about $7,436,000. GAMMA Investing LLC increased its stake in shares of Sprott Physical Gold and Silver Trust by 2,741.0% during the first quarter. GAMMA Investing LLC now owns 56,820 shares of the company's stock worth $1,614,000 after purchasing an additional 54,820 shares in the last quarter. Simplicity Wealth LLC increased its stake in shares of Sprott Physical Gold and Silver Trust by 95.1% during the first quarter. Simplicity Wealth LLC now owns 93,006 shares of the company's stock worth $2,642,000 after purchasing an additional 45,346 shares in the last quarter. Finally, Petra Financial Advisors Inc. purchased a new stake in shares of Sprott Physical Gold and Silver Trust during the first quarter worth about $275,000.

Sprott Physical Gold and Silver Trust Trading Up 0.6%

NYSEAMERICAN:CEF opened at $34.15 on Monday. Sprott Physical Gold and Silver Trust has a 12 month low of $23.53 and a 12 month high of $34.26. The firm has a fifty day simple moving average of $31.49 and a 200-day simple moving average of $29.67.

About Sprott Physical Gold and Silver Trust

Sprott Physical Gold & Silver Trust operates as a closed-ended investment fund/investment trust. The company was founded on October 26, 2017 and is headquartered in Toronto, Canada.

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