GraniteShares Platinum Trust (NYSEARCA:PLTM – Get Free Report) was the recipient of a large decline in short interest in August. As of August 14th, there was short interest totaling 84,694 shares, a decline of 44.3% from the July 30th total of 152,128 shares. Currently, 0.7% of the company’s stock are sold short. Based on an average daily volume of 139,222 shares, the short-interest ratio is currently 0.6 days.
GraniteShares Platinum Trust Stock Down 1.6%
Shares of PLTM stock traded down $0.28 during trading hours on Friday, reaching $17.47. The company had a trading volume of 208,033 shares, compared to its average volume of 569,727. GraniteShares Platinum Trust has a 12 month low of $13.01 and a 12 month high of $27.69. The business has a fifty day simple moving average of $16.14 and a 200-day simple moving average of $18.15.
Hedge Funds Weigh In On GraniteShares Platinum Trust
Large investors have recently bought and sold shares of the stock. LPL Financial LLC grew its stake in shares of GraniteShares Platinum Trust by 35.1% in the 4th quarter. LPL Financial LLC now owns 397,727 shares of the company’s stock worth $7,847,000 after acquiring an additional 103,304 shares in the last quarter. Southeast Asset Advisors LLC purchased a new position in GraniteShares Platinum Trust during the fourth quarter worth about $7,076,000. Wealth Watch Advisors INC boosted its holdings in GraniteShares Platinum Trust by 19.5% during the first 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 last quarter. Sigma Planning Corp grew its position in GraniteShares Platinum Trust by 92.0% in the 4th quarter. Sigma Planning Corp now owns 205,485 shares of the company’s stock worth $4,054,000 after purchasing an additional 98,457 shares in the last quarter. Finally, Raymond James Financial Inc. grew its position in GraniteShares Platinum Trust by 41.8% in the 2nd quarter. Raymond James Financial Inc. now owns 201,496 shares of the company’s stock worth $2,619,000 after purchasing an additional 59,392 shares in 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.
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