GraniteShares Platinum Trust (NYSEARCA:PLTM – Get Free Report) saw a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 37,502 shares, a decline of 42.5% from the September 15th total of 65,208 shares. Based on an average trading volume of 157,937 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.3% of the company’s stock are sold short.
Institutional Investors Weigh In On GraniteShares Platinum Trust
Several institutional investors have recently modified their holdings of PLTM. Compass Financial Management LLC purchased a new position in GraniteShares Platinum Trust in the second quarter valued at $269,000. GK Wealth Management LLC purchased a new stake in GraniteShares Platinum Trust during the 2nd quarter worth about $311,000. Wealth Watch Advisors INC lifted its holdings in GraniteShares Platinum Trust by 19.5% during the 1st quarter. Wealth Watch Advisors INC now owns 286,244 shares of the company’s stock worth $5,413,000 after buying an additional 46,652 shares during the last quarter. PNC Financial Services Group Inc. acquired a new position in shares of GraniteShares Platinum Trust during the 1st quarter worth about $36,000. Finally, Revisor Wealth Management LLC acquired a new position in shares of GraniteShares Platinum Trust during the 1st quarter worth about $192,000.
GraniteShares Platinum Trust Trading Up 0.1%
NYSEARCA PLTM traded up $0.01 on Friday, hitting $15.62. 52,903 shares of the stock were exchanged, compared to its average volume of 496,369. GraniteShares Platinum Trust has a fifty-two week low of $14.51 and a fifty-two week high of $27.69. The company has a 50-day moving average price of $16.90 and a 200-day moving average price of $17.34.
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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