GraniteShares Platinum Trust (NYSEARCA:PLTM) Short Interest Update

GraniteShares Platinum Trust (NYSEARCA:PLTM) was the target of a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 84,694 shares, a drop of 44.3% from the July 30th total of 152,128 shares. Approximately 0.7% of the shares of the company are sold short. Based on an average daily volume of 139,222 shares, the short-interest ratio is currently 0.6 days.

Hedge Funds Weigh In On GraniteShares Platinum Trust

A number of institutional investors and hedge funds have recently made changes to their positions in PLTM. Sigma Planning Corp grew its position in shares of GraniteShares Platinum Trust by 92.0% during the 4th quarter. Sigma Planning Corp now owns 205,485 shares of the company’s stock valued at $4,054,000 after acquiring an additional 98,457 shares during the period. Kestra Private Wealth Services LLC bought a new position in GraniteShares Platinum Trust in the 4th quarter worth $1,470,000. Oppenheimer & Co. Inc. bought a new position in GraniteShares Platinum Trust in the 4th quarter worth $624,000. Wealth Watch Advisors INC raised its holdings in GraniteShares Platinum Trust by 19.5% in 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 during the period. Finally, GK Wealth Management LLC purchased a new position in GraniteShares Platinum Trust during the second quarter valued at $311,000.

GraniteShares Platinum Trust Trading Down 1.4%

Shares of GraniteShares Platinum Trust stock traded down $0.25 during trading hours on Monday, reaching $17.22. 393,077 shares of the stock traded hands, compared to its average volume of 568,663. The company has a 50 day moving average price of $16.16 and a 200 day moving average price of $18.12. GraniteShares Platinum Trust has a one year low of $13.01 and a one year high of $27.69.

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.