Short Interest in abrdn Physical Platinum Shares ETF (NYSEARCA:PPLT) Increases By 141.5%

abrdn Physical Platinum Shares ETF (NYSEARCA:PPLT) was the recipient of a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 1,114,684 shares, an increase of 141.5% from the December 15th total of 461,527 shares. Based on an average daily volume of 1,988,545 shares, the short-interest ratio is presently 0.6 days. Currently, 7.3% of the shares of the company are sold short. Currently, 7.3% of the shares of the company are sold short. Based on an average daily volume of 1,988,545 shares, the short-interest ratio is presently 0.6 days.

abrdn Physical Platinum Shares ETF Stock Down 4.1%

PPLT stock traded down $9.05 during midday trading on Friday, hitting $209.62. 1,194,684 shares of the stock traded hands, compared to its average volume of 1,147,898. abrdn Physical Platinum Shares ETF has a 1-year low of $82.79 and a 1-year high of $225.71. The stock’s fifty day simple moving average is $171.11 and its 200-day simple moving average is $145.59.

Hedge Funds Weigh In On abrdn Physical Platinum Shares ETF

Hedge funds have recently bought and sold shares of the business. Benjamin Edwards Inc. lifted its position in shares of abrdn Physical Platinum Shares ETF by 2.5% during the 3rd quarter. Benjamin Edwards Inc. now owns 3,063 shares of the company’s stock valued at $438,000 after buying an additional 75 shares in the last quarter. Compound Planning Inc. lifted its holdings in abrdn Physical Platinum Shares ETF by 0.9% during the third quarter. Compound Planning Inc. now owns 9,136 shares of the company’s stock valued at $1,305,000 after purchasing an additional 83 shares in the last quarter. MAI Capital Management grew its position in shares of abrdn Physical Platinum Shares ETF by 34.1% in the third quarter. MAI Capital Management now owns 492 shares of the company’s stock valued at $70,000 after purchasing an additional 125 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in shares of abrdn Physical Platinum Shares ETF by 3.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,304 shares of the company’s stock worth $989,000 after purchasing an additional 170 shares during the last quarter. Finally, Allworth Financial LP lifted its stake in abrdn Physical Platinum Shares ETF by 137.6% in the 2nd quarter. Allworth Financial LP now owns 297 shares of the company’s stock valued at $36,000 after buying an additional 172 shares in the last quarter. Hedge funds and other institutional investors own 20.03% of the company’s stock.

abrdn Physical Platinum Shares ETF Company Profile

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.