GraniteShares Platinum Trust (NYSEARCA:PLTM) Short Interest Update

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. LPL Financial LLC lifted its stake in shares of GraniteShares Platinum Trust by 35.1% during the fourth quarter. LPL Financial LLC now owns 397,727 shares of the company’s stock worth $7,847,000 after buying an additional 103,304 shares during the period. Southeast Asset Advisors LLC purchased a new position in GraniteShares Platinum Trust in the 4th quarter worth $7,076,000. Wealth Watch Advisors INC lifted its position in GraniteShares Platinum Trust by 70.1% during the 4th quarter. Wealth Watch Advisors INC now owns 239,592 shares of the company’s stock worth $4,727,000 after acquiring an additional 98,739 shares during the period. Sigma Planning Corp grew its stake in GraniteShares Platinum Trust by 92.0% during the 4th quarter. Sigma Planning Corp now owns 205,485 shares of the company’s stock valued at $4,054,000 after purchasing an additional 98,457 shares during the last quarter. Finally, Raymond James Financial Inc. increased its holdings in shares of GraniteShares Platinum Trust by 41.8% in the second quarter. Raymond James Financial Inc. now owns 201,496 shares of the company’s stock valued at $2,619,000 after purchasing an additional 59,392 shares during the period.

GraniteShares Platinum Trust Price Performance

Shares of PLTM stock traded up $0.02 during trading hours on Thursday, reaching $21.91. 251,936 shares of the company’s stock were exchanged, compared to its average volume of 1,679,664. GraniteShares Platinum Trust has a 1 year low of $8.76 and a 1 year high of $27.69. The stock’s fifty day moving average price is $21.67 and its two-hundred day moving average price is $17.17.

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.