In This Story
GraniteShares Platinum Shares (PLTM-0.74%) has submitted its Form 10-Q filing for the quarterly period ended December 31, 2024.
The filing reports a net asset value increase of 9.5% from $41,914,842 on September 30, 2024, to $45,904,688 on December 31, 2024. This increase is attributed to a rise in the number of shares outstanding, from 4,400,000 to 5,200,000, despite a 7.2% decrease in the price of platinum during the quarter.
The Trust's net asset value per share decreased by 7.4%, from $9.53 to $8.83, due to the decline in platinum prices and Sponsor's fees amounting to $55,648 for the period.
For the six months ended December 31, 2024, the Trust's net asset value increased by 6.5%, from $43,119,274 to $45,904,688, despite a 9.7% decrease in platinum prices.
The Trust's net asset value per share decreased by 9.9% over the six-month period, from $9.80 to $8.83, primarily due to the decline in platinum prices and Sponsor's fees totaling $107,444.
The Trust's operations resulted in a net decrease in net assets of $3,386,561 for the quarter ended December 31, 2024, mainly due to an unrealized loss on investment in platinum bullion and losses on metal sold to cover redemption orders and Sponsor's fees.
The Trust does not anticipate any material changes to its liquidity needs, with the Sponsor assuming most of the Trust's expenses except for the Sponsor's fee.
The Trust holds platinum and issues shares in exchange for deposits of platinum. Shares trade on the NYSE Arca under the symbol 'PLTM'.
The Trust is not registered as an investment company and does not engage in trading of commodity futures contracts.
This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the GraniteShares Platinum Shares quarterly 10-Q report dated February 3, 2025. To report an error, please email earnings@qz.com.