Investors Buy Large Volume of Call Options on abrdn Physical Platinum Shares ETF (NYSEARCA:PPLT)

abrdn Physical Platinum Shares ETF (NYSEARCA:PPLT) was the recipient of unusually large options trading on Wednesday. Investors bought 9,491 call options on the company. This represents an increase of approximately 237% compared to the average volume of 2,818 call options.

Institutional Trading of abrdn Physical Platinum Shares ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in PPLT. Integrated Wealth Concepts LLC increased its position in shares of abrdn Physical Platinum Shares ETF by 5.1% in the 4th quarter. Integrated Wealth Concepts LLC now owns 1,718 shares of the company’s stock valued at $320,000 after purchasing an additional 84 shares during the last quarter. Kestra Private Wealth Services LLC lifted its position in shares of abrdn Physical Platinum Shares ETF by 5.7% during the 1st quarter. Kestra Private Wealth Services LLC now owns 1,852 shares of the company’s stock worth $330,000 after purchasing an additional 100 shares during the last quarter. Waverly Advisors LLC lifted its position in shares of abrdn Physical Platinum Shares ETF by 7.8% during the 1st quarter. Waverly Advisors LLC now owns 1,488 shares of the company’s stock worth $265,000 after purchasing an additional 108 shares during the last quarter. Creative Financial Designs Inc. ADV grew 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 worth $28,000 after purchasing an additional 114 shares in the last quarter. Finally, Acumen Wealth Advisors LLC acquired a new position in shares of abrdn Physical Platinum Shares ETF during the fourth quarter worth $25,000. Institutional investors and hedge funds own 20.03% of the company’s stock.

abrdn Physical Platinum Shares ETF Stock Performance

NYSEARCA PPLT traded up $0.17 on Wednesday, reaching $15.95. 1,819,568 shares of the company were exchanged, compared to its average volume of 5,045,502. The business’s fifty day moving average price is $15.13 and its 200 day moving average price is $17.71. abrdn Physical Platinum Shares ETF has a fifty-two week low of $11.86 and a fifty-two week high of $26.16.

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.