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

abrdn Physical Platinum Shares ETF (NYSEARCA:PPLT) was the recipient of a large decline in short interest in February. As of February 13th, there was short interest totaling 802,957 shares, a decline of 19.1% from the January 29th total of 992,281 shares. Based on an average daily trading volume, of 753,728 shares, the short-interest ratio is currently 1.1 days. Approximately 5.0% of the company’s stock are sold short. Approximately 5.0% of the company’s stock are sold short. Based on an average daily trading volume, of 753,728 shares, the short-interest ratio is currently 1.1 days.

Institutional Investors Weigh In On abrdn Physical Platinum Shares ETF

Institutional investors have recently made changes to their positions in the company. Benjamin Edwards Inc. boosted 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 acquiring an additional 75 shares during the last quarter. Compound Planning Inc. lifted its position in shares of 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 worth $1,305,000 after purchasing an additional 83 shares during the last quarter. Integrated Wealth Concepts LLC boosted its stake in shares of abrdn Physical Platinum Shares ETF by 5.1% during the fourth quarter. Integrated Wealth Concepts LLC now owns 1,718 shares of the company’s stock valued at $320,000 after purchasing an additional 84 shares during the period. Creative Financial Designs Inc. ADV boosted its stake in shares of abrdn Physical Platinum Shares ETF by 316.7% during 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. Finally, MAI Capital Management grew its holdings 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 worth $70,000 after purchasing an additional 125 shares during the last quarter. Hedge funds and other institutional investors own 20.03% of the company’s stock.

abrdn Physical Platinum Shares ETF Stock Down 9.0%

Shares of abrdn Physical Platinum Shares ETF stock traded down $18.89 during trading on Tuesday, hitting $190.89. The company’s stock had a trading volume of 822,074 shares, compared to its average volume of 1,106,322. abrdn Physical Platinum Shares ETF has a 52 week low of $82.79 and a 52 week high of $261.62. The company has a fifty day simple moving average of $206.18 and a two-hundred day simple moving average of $164.88.

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.