GraniteShares Platinum Trust (NYSEARCA:PLTM) Sees Significant Increase in Short Interest
by Renee Jackson · The Cerbat GemGraniteShares Platinum Trust (NYSEARCA:PLTM – Get Free Report) was the recipient of a large growth in short interest in March. As of March 31st, there was short interest totaling 609,295 shares, a growth of 127.4% from the March 15th total of 267,932 shares. Currently, 4.4% of the shares of the stock are short sold. Based on an average trading volume of 432,526 shares, the short-interest ratio is presently 1.4 days.
GraniteShares Platinum Trust Price Performance
Shares of GraniteShares Platinum Trust stock traded up $0.22 during trading on Monday, reaching $19.92. 201,887 shares of the company’s stock were exchanged, compared to its average volume of 1,104,975. GraniteShares Platinum Trust has a 1-year low of $9.16 and a 1-year high of $27.69. The firm’s 50-day moving average price is $19.94 and its 200 day moving average price is $18.68.
Institutional Investors Weigh In On GraniteShares Platinum Trust
A number of institutional investors have recently made changes to their positions in the stock. Wealth Management Nebraska boosted its position in shares of GraniteShares Platinum Trust by 2.5% during the 4th quarter. Wealth Management Nebraska now owns 16,881 shares of the company’s stock valued at $333,000 after purchasing an additional 409 shares in the last quarter. Parkside Financial Bank & Trust boosted its position in shares of GraniteShares Platinum Trust by 100.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,878 shares of the company’s stock valued at $37,000 after purchasing an additional 939 shares in the last quarter. Quadrature Capital Ltd boosted its position in shares of GraniteShares Platinum Trust by 1.9% during the 4th quarter. Quadrature Capital Ltd now owns 75,179 shares of the company’s stock valued at $1,483,000 after purchasing an additional 1,426 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its position in shares of GraniteShares Platinum Trust by 175.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,377 shares of the company’s stock valued at $67,000 after purchasing an additional 2,152 shares in the last quarter. Finally, Sound Income Strategies LLC bought a new stake in shares of GraniteShares Platinum Trust during the 4th quarter valued at about $58,000.
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.