GraniteShares Platinum Trust (NYSEARCA:PLTM) Sees Large Increase in Short Interest

GraniteShares Platinum Trust (NYSEARCA:PLTM) was the target of a large increase in short interest in May. As of May 29th, there was short interest totaling 249,082 shares, an increase of 64.7% from the May 14th total of 151,221 shares. Currently, 1.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 165,790 shares, the short-interest ratio is currently 1.5 days.

GraniteShares Platinum Trust Trading Up 3.6%

Shares of NYSEARCA PLTM opened at $17.03 on Tuesday. The firm’s 50-day simple moving average is $18.89 and its 200 day simple moving average is $19.74. GraniteShares Platinum Trust has a 12-month low of $12.02 and a 12-month high of $27.69.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Sigma Planning Corp lifted its position 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 period. Kestra Private Wealth Services LLC acquired a new position in GraniteShares Platinum Trust during the 4th quarter valued at about $1,470,000. Oppenheimer & Co. Inc. acquired a new position in GraniteShares Platinum Trust during the 4th quarter valued at about $624,000. RFG Advisory LLC lifted its position in GraniteShares Platinum Trust by 6.2% during the 4th quarter. RFG Advisory LLC now owns 95,026 shares of the company’s stock valued at $1,875,000 after purchasing an additional 5,534 shares during the period. Finally, Simplicity Wealth LLC acquired a new position in GraniteShares Platinum Trust during the 4th quarter valued at about $337,000.

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.