abrdn Physical Platinum Shares ETF Sees Unusually Large Options Volume (NYSEARCA:PPLT)

abrdn Physical Platinum Shares ETF (NYSEARCA:PPLT) was the target of unusually large options trading activity on Monday. Investors bought 16,353 call options on the company. This is an increase of approximately 548% compared to the typical daily volume of 2,525 call options.

Hedge Funds Weigh In On abrdn Physical Platinum Shares ETF

A number of institutional investors have recently added to or reduced their stakes in the company. Bleakley Financial Group LLC increased its holdings in shares of abrdn Physical Platinum Shares ETF by 26.4% in the third quarter. Bleakley Financial Group LLC now owns 27,528 shares of the company’s stock valued at $3,933,000 after purchasing an additional 5,754 shares during the last quarter. Darden Wealth Group Inc acquired a new position in shares of abrdn Physical Platinum Shares ETF in the third quarter valued at $623,000. Black Swift Group LLC increased its holdings in shares of abrdn Physical Platinum Shares ETF by 61.6% in the third quarter. Black Swift Group LLC now owns 53,090 shares of the company’s stock valued at $7,585,000 after purchasing an additional 20,245 shares during the last quarter. Hohimer Wealth Management LLC acquired a new position in shares of abrdn Physical Platinum Shares ETF in the third quarter valued at $2,650,000. Finally, Private Wealth Advisors LLC acquired a new position in shares of abrdn Physical Platinum Shares ETF in the third quarter valued at $1,432,000. 20.03% of the stock is currently owned by institutional investors and hedge funds.

abrdn Physical Platinum Shares ETF Price Performance

Shares of PPLT stock opened at $17.53 on Wednesday. The company’s fifty day simple moving average is $18.08 and its 200-day simple moving average is $18.45. abrdn Physical Platinum Shares ETF has a 12 month low of $9.64 and a 12 month 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.