Sprott Physical Gold Trust (AMEX: PHYS) is 12.31% higher on its value in year-to-date trading and has touched a low of $15.40 and a high of $22.71 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PHYS stock was last observed hovering at around $22.33 in the last trading session, with the day’s gains setting it 0.29%.
Currently trading at $22.62, the stock is 3.40% and 7.75% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.56 million and changing 1.30% at the moment leaves the stock 14.39% off its SMA200. PHYS registered 47.27% gain for a year compared to 6-month gain of 18.43%.
The stock witnessed a 7.92% loss in the last 1 month and extending the period to 3 months gives it a 14.42%, and is 0.76% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 0.91% over the week and 0.75% over the month.
Distance from 52-week low is 46.84% and -0.40% from its 52-week high.
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Sprott Physical Gold Trust (PHYS) Top Institutional Holders
The shares outstanding are 421.89M, and float is at 421.41M with Short Float at 0.07%.
The top institutional shareholder in the company is MORGAN STANLEY with over 6.93 million shares valued at $125.16 million. The investor’s holdings represent 1.741% of the PHYS Shares outstanding. As of 2024-06-30, the second largest holder is POLAR ASSET MANAGEMENT PARTNERS INC. with 6.92 million shares valued at $124.91 million to account for 1.7376 of the shares outstanding. The other top investors are CENTRAL TRUST CO which holds 6.3 million shares representing 1.5832% and valued at over $113.81 million, while ROYAL BANK OF CANADA holds 1.5754 of the shares totaling 6.27 million with a market value of $113.26 million.
Sprott Physical Gold Trust (PHYS) Insider Activity
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