GraniteShares Platinum Trust (NYSEARCA:PLTM) Short Interest Update

GraniteShares Platinum Trust (NYSEARCA:PLTM) saw a significant decline in short interest during 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. Based on an average trading volume of 85,406 shares, the days-to-cover ratio is presently 1.8 days. Currently, 1.3% of the shares of the stock are sold short.

GraniteShares Platinum Trust Price Performance

PLTM opened at $16.82 on Monday. The business’s fifty day simple moving average is $15.95 and its 200 day simple moving average is $18.46. GraniteShares Platinum Trust has a 52 week low of $12.57 and a 52 week high of $27.69.

Institutional Investors Weigh In On GraniteShares Platinum Trust

Several hedge funds have recently modified their holdings of the company. Flow Traders U.S. LLC acquired a new position in shares of GraniteShares Platinum Trust in the second quarter valued at approximately $182,000. Raymond James Financial Inc. boosted its position in GraniteShares Platinum Trust by 41.8% during the second quarter. Raymond James Financial Inc. now owns 201,496 shares of the company’s stock worth $2,619,000 after acquiring an additional 59,392 shares during the last quarter. IHT Wealth Management LLC grew its stake in GraniteShares Platinum Trust by 9.3% in the 2nd quarter. IHT Wealth Management LLC now owns 50,735 shares of the company’s stock worth $660,000 after acquiring an additional 4,300 shares during the period. Quadrature Capital Ltd purchased a new stake in GraniteShares Platinum Trust in the 3rd quarter worth approximately $1,116,000. Finally, Wealth Watch Advisors INC raised its holdings in GraniteShares Platinum Trust by 108.2% in the 3rd quarter. Wealth Watch Advisors INC now owns 140,853 shares of the company’s stock valued at $2,128,000 after acquiring an additional 73,202 shares during the last quarter.

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.