GraniteShares Platinum Trust (NYSEARCA:PLTM) Short Interest Down 41.3% in August
by Renee Jackson · The Cerbat GemGraniteShares Platinum Trust (NYSEARCA:PLTM – Get Free Report) saw a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 49,700 shares, a decline of 41.3% from the August 15th total of 84,694 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average trading volume of 192,239 shares, the short-interest ratio is presently 0.3 days.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the stock. Wealth Watch Advisors INC lifted its holdings in shares of 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 purchasing an additional 46,652 shares in the last quarter. Compass Financial Management LLC bought a new position in shares of GraniteShares Platinum Trust during the second quarter worth about $269,000. GK Wealth Management LLC bought a new position in shares of GraniteShares Platinum Trust during the second quarter worth about $311,000. PNC Financial Services Group Inc. acquired a new stake in GraniteShares Platinum Trust in the 1st quarter valued at approximately $36,000. Finally, Revisor Wealth Management LLC bought a new stake in GraniteShares Platinum Trust in the 1st quarter valued at approximately $192,000.
GraniteShares Platinum Trust Stock Performance
Shares of PLTM stock traded down $0.27 during trading hours on Wednesday, reaching $16.77. The company had a trading volume of 68,986 shares, compared to its average volume of 541,225. GraniteShares Platinum Trust has a 1-year low of $13.07 and a 1-year high of $27.69. The company has a 50 day moving average of $16.56 and a 200 day moving average of $17.88.
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.