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

abrdn Physical Platinum Shares ETF (NYSEARCA:PPLT) was the target of some unusual options trading activity on Monday. Stock traders acquired 16,353 call options on the company. This is an increase of approximately 548% compared to the average daily volume of 2,525 call options.

Hedge Funds Weigh In On abrdn Physical Platinum Shares ETF

Several institutional investors and hedge funds have recently modified their holdings of PPLT. Geneos Wealth Management Inc. increased its holdings in shares of abrdn Physical Platinum Shares ETF by 2,060.0% in 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 during the last quarter. Betterment LLC acquired a new position in shares of abrdn Physical Platinum Shares ETF in the second quarter valued at $211,000. Raymond James Financial Inc. increased its holdings in shares of abrdn Physical Platinum Shares ETF by 188.5% in the second quarter. Raymond James Financial Inc. now owns 63,278 shares of the company’s stock valued at $7,775,000 after purchasing an additional 41,348 shares during the last quarter. Ameriprise Financial Inc. bought a new stake in shares of abrdn Physical Platinum Shares ETF in the second quarter valued at about $647,000. Finally, Benjamin Edwards Inc. bought a new stake in shares of abrdn Physical Platinum Shares ETF in the second quarter valued at about $367,000. 20.03% of the stock is currently owned by institutional investors and hedge funds.

abrdn Physical Platinum Shares ETF Stock Up 0.2%

abrdn Physical Platinum Shares ETF stock traded up $0.03 during mid-day trading on Monday, reaching $17.48. The company’s stock had a trading volume of 1,229,643 shares, compared to its average volume of 6,267,605. abrdn Physical Platinum Shares ETF has a 12 month low of $9.55 and a 12 month high of $26.16. The business’s 50 day simple moving average is $18.09 and its 200 day simple moving average is $18.46.

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.