GraniteShares Platinum Trust (NYSEARCA:PLTM – Get Free Report) was the target of a significant drop in short interest in August. As of August 31st, there was short interest totaling 49,700 shares, a drop of 41.3% from the August 15th total of 84,694 shares. Based on an average trading volume of 192,239 shares, the short-interest ratio is presently 0.3 days. Currently, 0.4% of the company’s stock are short sold.
Hedge Funds Weigh In On GraniteShares Platinum Trust
Institutional investors have recently bought and sold shares of the stock. Wealth Watch Advisors INC increased its holdings in shares of GraniteShares Platinum Trust by 19.5% during the 1st quarter. Wealth Watch Advisors INC now owns 286,244 shares of the company’s stock valued at $5,413,000 after acquiring an additional 46,652 shares during the last quarter. GK Wealth Management LLC bought a new stake in GraniteShares Platinum Trust during the second quarter worth approximately $311,000. Compass Financial Management LLC bought a new stake in GraniteShares Platinum Trust during the second quarter worth approximately $269,000. Baer Investment Advisory LLC acquired a new position in GraniteShares Platinum Trust during the first quarter valued at approximately $193,000. Finally, Revisor Wealth Management LLC acquired a new position in GraniteShares Platinum Trust during the first quarter valued at approximately $192,000.
GraniteShares Platinum Trust Stock Performance
PLTM stock traded up $0.23 during mid-day trading on Thursday, hitting $17.00. The stock had a trading volume of 58,323 shares, compared to its average volume of 538,524. GraniteShares Platinum Trust has a 1-year low of $13.28 and a 1-year high of $27.69. The company has a fifty day moving average of $16.59 and a 200 day moving average of $17.85.
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.
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