GraniteShares Platinum Trust (NYSEARCA:PLTM – Get Free Report) saw a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 785,129 shares, an increase of 156.5% from the December 31st total of 306,102 shares. Currently, 8.8% of the company’s stock are short sold. Based on an average daily volume of 1,854,073 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 1,854,073 shares, the days-to-cover ratio is presently 0.4 days. Currently, 8.8% of the company’s stock are short sold.
GraniteShares Platinum Trust Price Performance
PLTM traded down $4.83 during trading on Friday, reaching $20.56. The stock had a trading volume of 4,527,657 shares, compared to its average volume of 2,505,931. The stock’s 50 day moving average is $20.16 and its two-hundred day moving average is $16.25. GraniteShares Platinum Trust has a one year low of $8.76 and a one year high of $27.69.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of the business. Sound Income Strategies LLC purchased a new stake in GraniteShares Platinum Trust in the fourth quarter worth about $58,000. Concurrent Investment Advisors LLC bought a new stake in shares of GraniteShares Platinum Trust in the 3rd quarter worth approximately $151,000. Laffer Tengler Investments Inc. purchased a new stake in shares of GraniteShares Platinum Trust in the 3rd quarter worth approximately $161,000. Citadel Advisors LLC purchased a new position in GraniteShares Platinum Trust during the third quarter valued at $166,000. Finally, IAM Advisory LLC purchased a new position in GraniteShares Platinum Trust during the fourth quarter valued at $241,000.
GraniteShares Platinum Trust Company Profile
The GraniteShares Platinum Trust (PLTM) is an exchange-traded fund that is based on the Platinum London PM Fix index. The fund tracks the platinum spot price, less trust expenses and liabilities, using physically held platinum. PLTM was launched on Jan 22, 2018 and is managed by GraniteShares.
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