GraniteShares Platinum Trust (NYSEARCA:PLTM) Short Interest Update

GraniteShares Platinum Trust (NYSEARCA:PLTM) was the recipient of a large drop in short interest in 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. Based on an average daily trading volume, of 139,222 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.7% of the shares of the company are short sold.

GraniteShares Platinum Trust Stock Performance

Shares of PLTM stock traded down $0.28 during trading on Friday, hitting $17.47. The company’s stock had a trading volume of 208,033 shares, compared to its average volume of 569,727. The business has a fifty day moving average of $16.14 and a 200-day moving average of $18.15. GraniteShares Platinum Trust has a 52 week low of $13.01 and a 52 week high of $27.69.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of PLTM. Sigma Planning Corp grew its position in GraniteShares Platinum Trust by 92.0% during the fourth quarter. Sigma Planning Corp now owns 205,485 shares of the company’s stock valued at $4,054,000 after buying an additional 98,457 shares during the period. Kestra Private Wealth Services LLC purchased a new stake in GraniteShares Platinum Trust during the fourth quarter worth about $1,470,000. Oppenheimer & Co. Inc. bought a new stake in GraniteShares Platinum Trust in the fourth quarter worth about $624,000. Wealth Watch Advisors INC raised its position in GraniteShares Platinum Trust by 19.5% in the first quarter. Wealth Watch Advisors INC now owns 286,244 shares of the company’s stock worth $5,413,000 after acquiring an additional 46,652 shares during the period. Finally, GK Wealth Management LLC purchased a new position in GraniteShares Platinum Trust in the second quarter valued at about $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.