abrdn Physical Platinum Shares ETF Target of Unusually Large Options Trading (NYSEARCA:PPLT)

abrdn Physical Platinum Shares ETF (NYSEARCA:PPLT) saw unusually large options trading activity on Wednesday. Traders acquired 3,610 put options on the company. This is an increase of 55% compared to the typical daily volume of 2,325 put options.

Institutional Trading of abrdn Physical Platinum Shares ETF

Several institutional investors and hedge funds have recently made changes to their positions in PPLT. Bleakley Financial Group LLC lifted its holdings in abrdn Physical Platinum Shares ETF by 26.4% during the 3rd quarter. Bleakley Financial Group LLC now owns 27,528 shares of the company’s stock valued at $3,933,000 after buying an additional 5,754 shares in the last quarter. Darden Wealth Group Inc bought a new position in abrdn Physical Platinum Shares ETF in the 3rd quarter worth about $623,000. Black Swift Group LLC grew its stake in abrdn Physical Platinum Shares ETF by 61.6% in the 3rd quarter. Black Swift Group LLC now owns 53,090 shares of the company’s stock worth $7,585,000 after acquiring an additional 20,245 shares in the last quarter. Hohimer Wealth Management LLC bought a new stake in shares of abrdn Physical Platinum Shares ETF during the third quarter valued at approximately $2,650,000. Finally, Private Wealth Advisors LLC purchased a new stake in shares of abrdn Physical Platinum Shares ETF in the third quarter valued at approximately $1,432,000. 20.03% of the stock is currently owned by institutional investors.

abrdn Physical Platinum Shares ETF Trading Down 2.3%

Shares of PPLT traded down $0.36 during mid-day trading on Wednesday, reaching $15.27. 1,503,051 shares of the company’s stock traded hands, compared to its average volume of 6,049,805. The stock’s 50-day moving average is $17.99 and its two-hundred day moving average is $18.52. abrdn Physical Platinum Shares ETF has a 12 month low of $11.07 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.