Short Interest in GraniteShares Platinum Trust (NYSEARCA:PLTM) Decreases By 79.7%

GraniteShares Platinum Trust (NYSEARCA:PLTM) was the recipient of a significant decline in short interest during the month of February. As of February 13th, there was short interest totaling 182,327 shares, a decline of 79.7% from the January 29th total of 898,976 shares. Currently, 1.3% of the shares of the stock are sold short. Based on an average trading volume of 984,339 shares, the short-interest ratio is currently 0.2 days. Based on an average trading volume of 984,339 shares, the short-interest ratio is currently 0.2 days. Currently, 1.3% of the shares of the stock are sold short.

GraniteShares Platinum Trust Trading Up 0.1%

PLTM stock traded up $0.02 during midday trading on Thursday, reaching $21.91. The stock had a trading volume of 251,936 shares, compared to its average volume of 1,679,664. GraniteShares Platinum Trust has a 52-week low of $8.76 and a 52-week high of $27.69. The company’s fifty day simple moving average is $21.67 and its 200 day simple moving average is $17.17.

Hedge Funds Weigh In On GraniteShares Platinum Trust

A number of institutional investors have recently added to or reduced their stakes in the stock. LPL Financial LLC grew its holdings in GraniteShares Platinum Trust by 35.1% in the 4th quarter. LPL Financial LLC now owns 397,727 shares of the company’s stock valued at $7,847,000 after buying an additional 103,304 shares in the last quarter. Southeast Asset Advisors LLC purchased a new stake in shares of GraniteShares Platinum Trust in the fourth quarter valued at about $7,076,000. Wealth Watch Advisors INC increased its position in GraniteShares Platinum Trust by 70.1% during the fourth quarter. Wealth Watch Advisors INC now owns 239,592 shares of the company’s stock worth $4,727,000 after purchasing an additional 98,739 shares during the last quarter. Sigma Planning Corp increased 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 worth $4,054,000 after purchasing an additional 98,457 shares during the last quarter. Finally, Raymond James Financial Inc. raised its stake in GraniteShares Platinum Trust by 41.8% during the second 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 during the period.

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.