GraniteShares Platinum Trust (NYSEARCA:PLTM) Sees Significant Drop in Short Interest

GraniteShares Platinum Trust (NYSEARCA:PLTMGet Free Report) saw a large decline in short interest in July. As of July 31st, there was short interest totaling 152,128 shares, a decline of 41.7% from the July 15th total of 260,781 shares. Approximately 1.3% of the shares of the stock are sold short. Based on an average daily volume of 85,406 shares, the short-interest ratio is currently 1.8 days.

GraniteShares Platinum Trust Stock Performance

Shares of PLTM opened at $16.82 on Monday. GraniteShares Platinum Trust has a 52-week low of $12.57 and a 52-week high of $27.69. The company has a 50-day simple moving average of $15.95 and a 200-day simple moving average of $18.46.

Institutional Trading of GraniteShares Platinum Trust

Large investors have recently bought and sold shares of the company. Parkside Financial Bank & Trust boosted its position in shares of GraniteShares Platinum Trust by 100.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,878 shares of the company’s stock worth $37,000 after buying an additional 939 shares in the last quarter. PNC Financial Services Group Inc. purchased a new stake in shares of GraniteShares Platinum Trust in the first quarter valued at about $36,000. Steward Partners Investment Advisory LLC grew its position in shares of GraniteShares Platinum Trust by 175.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,377 shares of the company’s stock valued at $67,000 after purchasing an additional 2,152 shares during the last quarter. Kestra Advisory Services LLC purchased a new position in shares of GraniteShares Platinum Trust during the 4th quarter worth approximately $91,000. Finally, Revisor Wealth Management LLC purchased a new position in shares of GraniteShares Platinum Trust during the 1st quarter worth approximately $192,000.

About GraniteShares Platinum Trust

(Get Free Report)

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.

See Also

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.