GraniteShares Platinum Trust (NYSEARCA:PLTM – Get Free Report) saw a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 49,700 shares, a decline 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 currently 0.3 days. Currently, 0.4% of the shares of the company are short sold.
Hedge Funds Weigh In On GraniteShares Platinum Trust
Institutional investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. bought a new position in shares of GraniteShares Platinum Trust during the first quarter valued at $36,000. Kestra Private Wealth Services LLC increased its holdings in GraniteShares Platinum Trust by 3.8% in the first quarter. Kestra Private Wealth Services LLC now owns 77,298 shares of the company’s stock valued at $1,462,000 after purchasing an additional 2,807 shares during the period. Revisor Wealth Management LLC bought a new position in GraniteShares Platinum Trust during the 1st quarter worth $192,000. Baer Investment Advisory LLC acquired a new position in GraniteShares Platinum Trust during the 1st quarter worth about $193,000. Finally, Compass Financial Management LLC acquired a new position in GraniteShares Platinum Trust during the 2nd quarter worth about $269,000.
GraniteShares Platinum Trust Stock Performance
Shares of NYSEARCA:PLTM traded down $0.27 on Wednesday, reaching $16.77. 68,986 shares of the company’s stock were exchanged, compared to its average volume of 541,225. GraniteShares Platinum Trust has a twelve month low of $13.07 and a twelve month high of $27.69. The company has a fifty day moving average of $16.56 and a 200-day moving average of $17.88.
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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