GraniteShares Platinum Trust (NYSEARCA:PLTM – Get Free Report) was the target of a large decrease in short interest in 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 short sold. Based on an average trading volume of 157,937 shares, the short-interest ratio is presently 0.2 days.
GraniteShares Platinum Trust Price Performance
Shares of PLTM stock traded up $0.18 during mid-day trading on Thursday, hitting $15.54. The stock had a trading volume of 88,671 shares, compared to its average volume of 498,440. GraniteShares Platinum Trust has a 12-month low of $14.51 and a 12-month high of $27.69. The firm’s 50-day moving average is $16.92 and its two-hundred day moving average is $17.36.
Institutional Trading of GraniteShares Platinum Trust
A number of hedge funds have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. bought a new position in GraniteShares Platinum Trust during the 1st quarter worth about $36,000. Revisor Wealth Management LLC purchased a new position in GraniteShares Platinum Trust during the 1st quarter valued at about $192,000. Baer Investment Advisory LLC bought a new stake in shares of GraniteShares Platinum Trust in the 1st quarter valued at about $193,000. Compass Financial Management LLC purchased a new stake in shares of GraniteShares Platinum Trust in the 2nd quarter worth approximately $269,000. Finally, GK Wealth Management LLC purchased a new stake in shares of GraniteShares Platinum Trust in the 2nd quarter worth approximately $311,000.
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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