GraniteShares Platinum Trust (NYSEARCA:PLTM – Get Free Report) saw a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 152,128 shares, a decline of 41.7% from the July 15th total of 260,781 shares. Currently, 1.3% of the company’s shares are short sold. Based on an average daily volume of 85,406 shares, the days-to-cover ratio is presently 1.8 days.
GraniteShares Platinum Trust Stock Up 3.8%
Shares of GraniteShares Platinum Trust stock traded up $0.63 on Wednesday, hitting $17.09. 56,099 shares of the company’s stock traded hands, compared to its average volume of 585,433. The company has a fifty day moving average of $15.95 and a two-hundred day moving average of $18.33. GraniteShares Platinum Trust has a one year low of $12.84 and a one year high of $27.69.
Hedge Funds Weigh In On GraniteShares Platinum Trust
A number of institutional investors and hedge funds have recently modified their holdings of PLTM. LPL Financial LLC increased its stake in shares of GraniteShares Platinum Trust by 35.1% in the 4th quarter. LPL Financial LLC now owns 397,727 shares of the company’s stock valued at $7,847,000 after acquiring an additional 103,304 shares in the last quarter. Southeast Asset Advisors LLC bought a new position in GraniteShares Platinum Trust during the fourth quarter worth $7,076,000. Wealth Watch Advisors INC boosted its stake in GraniteShares Platinum Trust by 19.5% during the first quarter. Wealth Watch Advisors INC now owns 286,244 shares of the company’s stock worth $5,413,000 after acquiring an additional 46,652 shares in the last quarter. Sigma Planning Corp grew its holdings in GraniteShares Platinum Trust by 92.0% in the fourth quarter. Sigma Planning Corp now owns 205,485 shares of the company’s stock worth $4,054,000 after purchasing an additional 98,457 shares during the period. Finally, Raymond James Financial Inc. grew its holdings in GraniteShares Platinum Trust by 41.8% in the second quarter. Raymond James Financial Inc. now owns 201,496 shares of the company’s stock worth $2,619,000 after purchasing an additional 59,392 shares during the period.
About GraniteShares Platinum Trust
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.
See Also
- Five stocks we like better than GraniteShares Platinum Trust
- The Pre-IPO Playbook: How to Cash in on Anthropic Before the Bell
- Tesla’s Cybercab Launch Could Reshape Margins for Uber and Lyft
- Pony AI Stock Gains Traction as Robotaxi Fleet Expands Globally
- Amazon Plugs $18B Into the Southern Power Grid
Receive News & Ratings for GraniteShares Platinum Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GraniteShares Platinum Trust and related companies with MarketBeat.com's FREE daily email newsletter.
