GraniteShares Platinum Trust (NYSEARCA:PLTM) Short Interest Down 79.7% in February

GraniteShares Platinum Trust (NYSEARCA:PLTM) was the recipient of a significant drop in short interest in the month of February. As of February 13th, there was short interest totaling 182,327 shares, a drop of 79.7% from the January 29th total of 898,976 shares. Approximately 1.3% of the shares of the stock are short sold. Based on an average daily volume of 984,339 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 984,339 shares, the short-interest ratio is presently 0.2 days. Approximately 1.3% of the shares of the stock are short sold.

GraniteShares Platinum Trust Stock Up 3.7%

NYSEARCA PLTM traded up $0.81 during trading on Friday, reaching $22.75. 622,466 shares of the company traded hands, compared to its average volume of 1,653,358. GraniteShares Platinum Trust has a 1-year low of $8.76 and a 1-year high of $27.69. The stock’s 50 day moving average price is $21.73 and its two-hundred day moving average price is $17.20.

Institutional Trading of GraniteShares Platinum Trust

Large investors have recently bought and sold shares of the stock. Wealth Management Nebraska boosted its stake in shares of GraniteShares Platinum Trust by 2.5% in 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 increased 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 worth $37,000 after purchasing an additional 939 shares in the last quarter. Quadrature Capital Ltd lifted its holdings in 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 during the last quarter. Steward Partners Investment Advisory LLC boosted its position in GraniteShares Platinum Trust by 175.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,377 shares of the company’s stock valued at $67,000 after buying an additional 2,152 shares in the last quarter. Finally, Sound Income Strategies LLC acquired a new position in GraniteShares Platinum Trust in the fourth 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.