GraniteShares Platinum Trust (NYSEARCA:PLTM) Short Interest Up 156.5% in January

GraniteShares Platinum Trust (NYSEARCA:PLTM) saw a large growth in short interest in January. As of January 15th, there was short interest totaling 785,129 shares, a growth of 156.5% from the December 31st total of 306,102 shares. Based on an average daily trading volume, of 1,854,073 shares, the short-interest ratio is currently 0.4 days. Currently, 8.8% of the shares of the stock are short sold. Currently, 8.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,854,073 shares, the short-interest ratio is currently 0.4 days.

Institutional Trading of GraniteShares Platinum Trust

A number of institutional investors and hedge funds have recently modified their holdings of the business. Sovereign Financial Group Inc. bought a new stake in shares of GraniteShares Platinum Trust during the second quarter valued at about $273,000. Envestnet Asset Management Inc. boosted its stake in GraniteShares Platinum Trust by 7.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 111,684 shares of the company’s stock worth $1,452,000 after purchasing an additional 8,038 shares in the last quarter. Wealth Watch Advisors INC lifted its position in GraniteShares Platinum Trust by 254.5% during the second quarter. Wealth Watch Advisors INC now owns 67,651 shares of the company’s stock valued at $879,000 after purchasing an additional 48,565 shares during the period. Cetera Investment Advisers grew its position in GraniteShares Platinum Trust by 73.1% during the second quarter. Cetera Investment Advisers now owns 71,769 shares of the company’s stock valued at $933,000 after buying an additional 30,312 shares during the period. Finally, Kingsview Wealth Management LLC bought a new stake in shares of GraniteShares Platinum Trust during the 2nd quarter valued at $292,000.

GraniteShares Platinum Trust Price Performance

GraniteShares Platinum Trust stock traded down $0.54 during trading hours on Thursday, hitting $25.39. The stock had a trading volume of 4,563,413 shares, compared to its average volume of 2,397,319. The business’s 50 day simple moving average is $20.04 and its 200-day simple moving average is $16.20. GraniteShares Platinum Trust has a one year low of $8.76 and a one year high of $27.69.

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.