Short Interest in GraniteShares Platinum Trust (NYSEARCA:PLTM) Decreases By 52.5%

GraniteShares Platinum Trust (NYSEARCA:PLTM) was the target of a large decline in short interest in May. As of May 15th, there was short interest totaling 151,221 shares, a decline of 52.5% from the April 30th total of 318,607 shares. Approximately 1.1% of the company’s shares are short sold. Based on an average daily volume of 319,684 shares, the short-interest ratio is presently 0.5 days.

GraniteShares Platinum Trust Stock Performance

GraniteShares Platinum Trust stock traded down $0.01 during midday trading on Monday, hitting $18.49. 221,323 shares of the company were exchanged, compared to its average volume of 821,854. The company’s fifty day moving average price is $19.14 and its 200-day moving average price is $19.58. GraniteShares Platinum Trust has a fifty-two week low of $10.11 and a fifty-two week high of $27.69.

Institutional Investors Weigh In On GraniteShares Platinum Trust

A number of institutional investors have recently made changes to their positions in the company. Wealth Watch Advisors INC increased its holdings in shares of GraniteShares Platinum Trust by 19.5% in the 1st quarter. Wealth Watch Advisors INC now owns 286,244 shares of the company’s stock valued at $5,413,000 after acquiring an additional 46,652 shares during the last quarter. PNC Financial Services Group Inc. acquired a new position in GraniteShares Platinum Trust during the 1st quarter worth $36,000. Revisor Wealth Management LLC acquired a new position in GraniteShares Platinum Trust during the 1st quarter worth $192,000. Baer Investment Advisory LLC acquired a new position in GraniteShares Platinum Trust during the 1st quarter worth $193,000. Finally, Kestra Private Wealth Services LLC boosted its position in GraniteShares Platinum Trust by 3.8% during the 1st quarter. Kestra Private Wealth Services LLC now owns 77,298 shares of the company’s stock worth $1,462,000 after acquiring an additional 2,807 shares during the period.

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.