GraniteShares Platinum Trust (NYSEARCA:PLTM – Get Free Report) was the target of a significant decrease in short interest in May. As of May 15th, there was short interest totaling 151,221 shares, a decrease of 52.5% from the April 30th total of 318,607 shares. Approximately 1.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 319,684 shares, the days-to-cover ratio is presently 0.5 days.
Institutional Investors Weigh In On GraniteShares Platinum Trust
Large investors have recently added to or reduced their stakes in the stock. Sigma Planning Corp grew 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 buying an additional 98,457 shares in the last quarter. Kestra Private Wealth Services LLC acquired a new stake in GraniteShares Platinum Trust during the fourth quarter worth approximately $1,470,000. Oppenheimer & Co. Inc. acquired a new stake in GraniteShares Platinum Trust during the fourth quarter worth approximately $624,000. RFG Advisory LLC acquired a new stake in GraniteShares Platinum Trust during the third quarter worth approximately $1,352,000. Finally, Mainstay Capital Management LLC ADV acquired a new stake in GraniteShares Platinum Trust during the fourth quarter worth approximately $472,000.
GraniteShares Platinum Trust Price Performance
Shares of NYSEARCA:PLTM opened at $18.50 on Friday. GraniteShares Platinum Trust has a 1 year low of $10.11 and a 1 year high of $27.69. The business’s 50 day simple moving average is $19.15 and its 200 day simple moving average is $19.53.
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.
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