abrdn Physical Platinum Shares ETF (NYSEARCA:PPLT) Short Interest Update

abrdn Physical Platinum Shares ETF (NYSEARCA:PPLTGet Free Report) was the target of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 12,026,313 shares, a growth of 1,036.7% from the May 14th total of 1,058,016 shares. Currently, 8.6% of the shares of the company are sold short. Based on an average daily volume of 1,428,970 shares, the short-interest ratio is currently 8.4 days.

abrdn Physical Platinum Shares ETF Stock Down 1.8%

Shares of PPLT stock traded down $0.29 during mid-day trading on Tuesday, reaching $15.63. The stock had a trading volume of 2,688,446 shares, compared to its average volume of 6,092,309. The business’s fifty day moving average is $17.99 and its 200-day moving average is $18.52. abrdn Physical Platinum Shares ETF has a 1-year low of $11.04 and a 1-year high of $26.16.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. HHM Wealth Advisors LLC acquired a new position in shares of abrdn Physical Platinum Shares ETF in the fourth quarter valued at about $25,000. Acumen Wealth Advisors LLC acquired a new position in shares of abrdn Physical Platinum Shares ETF in the fourth quarter valued at about $25,000. Creative Financial Designs Inc. ADV increased its holdings in shares of abrdn Physical Platinum Shares ETF by 316.7% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 150 shares of the company’s stock valued at $28,000 after purchasing an additional 114 shares during the period. Team Financial Group LLC acquired a new position in shares of abrdn Physical Platinum Shares ETF in the fourth quarter valued at about $33,000. Finally, Lam Group Inc. acquired a new position in shares of abrdn Physical Platinum Shares ETF in the first quarter valued at about $45,000. 20.03% of the stock is owned by institutional investors and hedge funds.

abrdn Physical Platinum Shares ETF Company Profile

(Get Free Report)

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.

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