GraniteShares Platinum Trust (NYSEARCA:PLTM) Shares Shorted: Short Interest Down 42.5% in September

GraniteShares Platinum Trust (NYSEARCA:PLTM) was the recipient of a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 37,502 shares, a decline of 42.5% from the September 15th total of 65,208 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 157,937 shares, the days-to-cover ratio is presently 0.2 days.

GraniteShares Platinum Trust Stock Performance

PLTM stock traded up $0.18 during midday trading on Thursday, hitting $15.54. The company’s stock had a trading volume of 88,671 shares, compared to its average volume of 498,440. GraniteShares Platinum Trust has a 12 month low of $14.51 and a 12 month high of $27.69. The firm’s 50-day moving average is $16.92 and its 200-day moving average is $17.36.

Institutional Investors Weigh In On GraniteShares Platinum Trust

A number of large investors have recently made changes to their positions in the company. Wealth Watch Advisors INC boosted its stake 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 worth $5,413,000 after acquiring an additional 46,652 shares during the period. Kestra Private Wealth Services LLC raised its stake in GraniteShares Platinum Trust by 3.8% during the first quarter. Kestra Private Wealth Services LLC now owns 77,298 shares of the company’s stock valued at $1,462,000 after purchasing an additional 2,807 shares in the last quarter. GK Wealth Management LLC bought a new stake in shares of GraniteShares Platinum Trust in the 2nd quarter worth about $311,000. Compass Financial Management LLC bought a new stake in GraniteShares Platinum Trust during the second quarter worth approximately $269,000. Finally, Baer Investment Advisory LLC purchased a new position in GraniteShares Platinum Trust during the first quarter worth $193,000.

GraniteShares Platinum Trust Company Profile

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.