The public float for PHYS is 398.23M, and at present, short sellers hold a – of that float. On November 21, 2023, the average trading volume of PHYS was 2.27M shares.
PHYS) stock’s latest price update
The stock of Sprott Physical Gold Trust (NYSE: PHYS) has increased by 1.10 when compared to last closing price of 15.47. Despite this, the company has experienced a 1.69% gain in its stock price over the last five trading sessions. ETF Trends reported 2023-11-07 that Higher-for-longer interest rates paired with geopolitical factors are increasing demand for gold. Costco stores are witnessing this demand for the precious metal amid a safe haven scramble.
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PHYS’s Market Performance
PHYS’s stock has risen by 1.69% in the past week, with a monthly rise of 2.36% and a quarterly rise of 4.41%. The volatility ratio for the week is 0.60% while the volatility levels for the last 30 days are 0.93% for Sprott Physical Gold Trust The simple moving average for the past 20 days is 1.51% for PHYS’s stock, with a 3.73% simple moving average for the past 200 days.
PHYS Trading at 4.26% from the 50-Day Moving Average
After a stumble in the market that brought PHYS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -2.86% of loss for the given period.
Volatility was left at 0.93%, however, over the last 30 days, the volatility rate increased by 0.60%, as shares surge +2.66% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.79% upper at present.
During the last 5 trading sessions, PHYS rose by +1.66%, which changed the moving average for the period of 200-days by +8.05% in comparison to the 20-day moving average, which settled at $15.43. In addition, Sprott Physical Gold Trust saw 10.92% in overturn over a single year, with a tendency to cut further gains.
Conclusion
To sum up, Sprott Physical Gold Trust (PHYS) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
