Fri, Nov 8, 1:21 PM (242 days ago)
For the quarter ended September 30, 2024, GraniteShares Platinum Trust (PLTM) reported a decrease in net assets from $43,119,000 to $41,915,000, reflecting a 2.79% decline. This decline was primarily attributed to a drop in platinum prices, which fell from $1,012.00 to $985.00 per ounce, resulting in an unrealized loss of $1,149,000. The Trust maintained 4,400,000 shares outstanding, with a net asset value per share decreasing from $9.80 to $9.53. Operating expenses remained low, with only $52,000 in sponsor fees recorded, consistent with the prior year. The Trust did not issue or redeem shares during the quarter. The total return ratio at net asset value was -2.76%, indicating negative performance relative to the previous quarter. The Trust's strategy continues to focus on platinum investment, with market risks tied to global supply and demand dynamics, as well as broader economic factors. Future operations may be impacted by fluctuations in platinum prices and associated investor sentiment. No significant changes or uncertainties were noted that would materially affect liquidity or operational performance.