Short Interest in abrdn Physical Platinum Shares ETF (NYSEARCA:PPLT) Rises By 1,036.7%

abrdn Physical Platinum Shares ETF (NYSEARCA:PPLT) was the recipient of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 12,026,313 shares, a growth of 1,036.7% from the May 14th total of 1,058,016 shares. Currently, 8.6% of the shares of the company are short sold. Based on an average daily trading volume, of 1,428,970 shares, the short-interest ratio is presently 8.4 days.

Institutional Trading of abrdn Physical Platinum Shares ETF

Several large investors have recently modified their holdings of the stock. HHM Wealth Advisors LLC acquired a new stake in shares of abrdn Physical Platinum Shares ETF during the fourth quarter valued at about $25,000. Acumen Wealth Advisors LLC acquired a new stake in shares of abrdn Physical Platinum Shares ETF during the fourth quarter valued at about $25,000. Creative Financial Designs Inc. ADV boosted its stake in shares of abrdn Physical Platinum Shares ETF by 316.7% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 150 shares of the company’s stock valued at $28,000 after purchasing an additional 114 shares in the last quarter. Team Financial Group LLC acquired a new stake in shares of abrdn Physical Platinum Shares ETF during the fourth quarter valued at about $33,000. Finally, Geneos Wealth Management Inc. boosted its stake in shares of abrdn Physical Platinum Shares ETF by 2,060.0% during the first quarter. Geneos Wealth Management Inc. now owns 432 shares of the company’s stock valued at $39,000 after purchasing an additional 412 shares in the last quarter. 20.03% of the stock is owned by institutional investors and hedge funds.

abrdn Physical Platinum Shares ETF Stock Performance

Shares of PPLT traded up $0.37 during trading hours on Thursday, hitting $15.50. 1,367,633 shares of the company were exchanged, compared to its average volume of 6,015,385. abrdn Physical Platinum Shares ETF has a fifty-two week low of $11.07 and a fifty-two week high of $26.16. The firm’s fifty day moving average is $17.96 and its 200 day moving average is $18.52.

About abrdn Physical Platinum Shares ETF

The abrdn Physical Platinum Shares ETF (PPLT) 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, using platinum bullion. PPLT was launched on Jan 8, 2010 and is managed by Abrdn.