Sprott Physical Gold Trust [AMEX: PHYS] loss -2.46% or -0.61 points to close at $24.18 with a heavy trading volume of 6788416 shares.
The daily chart for PHYS points out that the company has recorded 16.59% gains over the past six months.
If we look at the average trading volume of 5.96M shares, PHYS reached to a volume of 6788416 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Trading performance analysis for PHYS stock
Sprott Physical Gold Trust [PHYS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.13. With this latest performance, PHYS shares dropped by -2.07% in over the last four-week period, additionally plugging by 16.59% over the last 6 months – not to mention a rise of 31.91% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PHYS stock in for the last two-week period is set at 43.90, with the RSI for the last a single of trading hit 38.14, and the three-weeks RSI is set at 47.53 for Sprott Physical Gold Trust [PHYS]. The present Moving Average for the last 50 days of trading for this stock 24.20, while it was recorded at 24.86 for the last single week of trading, and 21.47 for the last 200 days.
An analysis of Institutional ownership at Sprott Physical Gold Trust [PHYS]
The top three institutional holders of PHYS stocks are: MORGAN STANLEY with ownership of 6.93 million shares, which is approximately 1.7482%. POLAR ASSET MANAGEMENT PARTNERS INC., holding 6.92 million shares of the stock with an approximate value of $$124.91 million in PHYS stocks shares; and POLAR ASSET MANAGEMENT PARTNERS INC., currently with $$113.81 million in PHYS stock with ownership which is approximately 1.5897%.
