GraniteShares Platinum Trust (NYSEARCA:PLTM) Short Interest Update

GraniteShares Platinum Trust (NYSEARCA:PLTMGet Free Report) 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 days-to-cover ratio is currently 0.4 days. Approximately 8.8% of the company’s shares are sold short. Approximately 8.8% of the company’s shares are sold short. Based on an average daily trading volume, of 1,854,073 shares, the days-to-cover ratio is currently 0.4 days.

GraniteShares Platinum Trust Price Performance

Shares of NYSEARCA PLTM traded down $0.54 during midday trading on Thursday, reaching $25.39. 4,563,413 shares of the company’s stock traded hands, compared to its average volume of 2,397,319. The stock’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.

Hedge Funds Weigh In On GraniteShares Platinum Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sound Income Strategies LLC acquired a new stake in shares of GraniteShares Platinum Trust in the fourth quarter valued at approximately $58,000. Concurrent Investment Advisors LLC acquired a new stake in shares of GraniteShares Platinum Trust in the 3rd quarter valued at $151,000. Laffer Tengler Investments Inc. purchased a new position in GraniteShares Platinum Trust in the third quarter valued at approximately $161,000. Citadel Advisors LLC acquired a new stake in shares of GraniteShares Platinum Trust during the third quarter worth about $166,000. Finally, Flow Traders U.S. LLC purchased a new stake in GraniteShares Platinum Trust in the 2nd quarter valued at $182,000.

About GraniteShares Platinum Trust

(Get Free Report)

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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