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

abrdn Physical Platinum Shares ETF (NYSEARCA:PPLT) was the target of unusually large options trading on Wednesday. Stock traders purchased 9,491 call options on the stock. This is an increase of 237% compared to the average daily volume of 2,818 call options.

abrdn Physical Platinum Shares ETF Trading Up 1.1%

Shares of PPLT traded up $0.17 during mid-day trading on Wednesday, reaching $15.95. The company’s stock had a trading volume of 1,819,568 shares, compared to its average volume of 5,045,502. abrdn Physical Platinum Shares ETF has a 12-month low of $11.86 and a 12-month high of $26.16. The company’s 50 day moving average is $15.13 and its 200 day moving average is $17.71.

Hedge Funds Weigh In On abrdn Physical Platinum Shares ETF

Hedge funds have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. boosted its holdings in shares of abrdn Physical Platinum Shares ETF by 2,060.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 432 shares of the company’s stock valued at $39,000 after buying an additional 412 shares in the last quarter. Betterment LLC acquired a new stake in abrdn Physical Platinum Shares ETF during the 2nd quarter worth $211,000. Raymond James Financial Inc. lifted its position in 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 acquiring an additional 41,348 shares during the last quarter. Ameriprise Financial Inc. purchased a new stake in abrdn Physical Platinum Shares ETF in the second quarter valued at $647,000. Finally, Benjamin Edwards Inc. acquired a new position in abrdn Physical Platinum Shares ETF in the second quarter valued at $367,000. 20.03% of the stock is currently owned by hedge funds and other institutional investors.

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.