GraniteShares Platinum Trust (NYSEARCA:PLTM – Get Free Report) was the target of a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 37,502 shares, a decrease of 42.5% from the September 15th total of 65,208 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 157,937 shares, the short-interest ratio is currently 0.2 days.
Hedge Funds Weigh In On GraniteShares Platinum Trust
Several hedge funds and other institutional investors have recently modified their holdings of PLTM. Wealth Watch Advisors INC increased its position in GraniteShares Platinum Trust by 19.5% during the 1st quarter. Wealth Watch Advisors INC now owns 286,244 shares of the company’s stock worth $5,413,000 after purchasing an additional 46,652 shares in the last quarter. Compass Financial Management LLC purchased a new position in GraniteShares Platinum Trust in the second quarter valued at approximately $269,000. GK Wealth Management LLC purchased a new position in GraniteShares Platinum Trust in the second quarter valued at approximately $311,000. PNC Financial Services Group Inc. acquired a new position in GraniteShares Platinum Trust during the first quarter valued at approximately $36,000. 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 Price Performance
GraniteShares Platinum Trust stock traded up $0.01 during midday trading on Friday, reaching $15.62. The stock had a trading volume of 52,903 shares, compared to its average volume of 496,369. GraniteShares Platinum Trust has a twelve month low of $14.51 and a twelve month high of $27.69. The stock’s 50-day simple moving average is $16.88 and its 200 day simple moving average is $17.33.
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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