GraniteShares Platinum Trust (NYSEARCA:PLTM – Get Free Report) was the recipient of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 49,700 shares, a drop of 41.3% from the August 15th total of 84,694 shares. Based on an average daily trading volume, of 192,239 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.4% of the company’s shares are sold short.
Hedge Funds Weigh In On GraniteShares Platinum Trust
Several large investors have recently modified their holdings of the stock. Compass Financial Management LLC bought a new stake in shares of GraniteShares Platinum Trust in the second quarter worth $269,000. GK Wealth Management LLC bought a new position in GraniteShares Platinum Trust in the second quarter valued at about $311,000. Wealth Watch Advisors INC lifted its holdings 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 valued at $5,413,000 after acquiring an additional 46,652 shares during the period. PNC Financial Services Group Inc. purchased a new position in GraniteShares Platinum Trust in the first quarter worth about $36,000. Finally, Revisor Wealth Management LLC purchased a new position in GraniteShares Platinum Trust in the first quarter worth about $192,000.
GraniteShares Platinum Trust Stock Up 1.8%
NYSEARCA:PLTM traded up $0.30 during mid-day trading on Friday, reaching $17.30. 37,980 shares of the company’s stock traded hands, compared to its average volume of 535,685. The company has a 50 day moving average price of $16.62 and a 200-day moving average price of $17.81. GraniteShares Platinum Trust has a 12-month low of $13.38 and a 12-month high of $27.69.
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.
Featured Stories
- Five stocks we like better than GraniteShares Platinum Trust
- J.B. Hunt’s Stock Plunges After Market Misprices Profit Warning
- 2 Stocks Breaking Out Post-FOMC With One Thing in Common
- Lennar’s Q3 Miss Hides a Stronger Operating Story Beneath the Housing Slump
- These 3 Stocks Are Drawing Insider Buyers for Very Different Reasons
Receive News & Ratings for GraniteShares Platinum Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GraniteShares Platinum Trust and related companies with MarketBeat.com's FREE daily email newsletter.
