Traders Buy High Volume of Put Options on abrdn Physical Platinum Shares ETF (NYSEARCA:PPLT)

abrdn Physical Platinum Shares ETF (NYSEARCA:PPLT) was the target of unusually large options trading on Wednesday. Stock investors acquired 3,610 put options on the stock. This represents an increase of 55% compared to the typical volume of 2,325 put options.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. HHM Wealth Advisors LLC bought a new stake in shares of abrdn Physical Platinum Shares ETF in the 4th quarter valued at about $25,000. Acumen Wealth Advisors LLC bought a new position in shares of abrdn Physical Platinum Shares ETF during the fourth quarter valued at approximately $25,000. Creative Financial Designs Inc. ADV increased its holdings in 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 buying an additional 114 shares during the period. Team Financial Group LLC purchased a new position in abrdn Physical Platinum Shares ETF during the fourth quarter valued at approximately $33,000. Finally, Geneos Wealth Management Inc. raised its stake in 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 worth $39,000 after buying an additional 412 shares in the last quarter. Hedge funds and other institutional investors own 20.03% of the company’s stock.

abrdn Physical Platinum Shares ETF Price Performance

Shares of PPLT traded down $0.36 during midday trading on Wednesday, reaching $15.27. 1,503,051 shares of the stock were exchanged, compared to its average volume of 6,049,805. abrdn Physical Platinum Shares ETF has a 52 week low of $11.07 and a 52 week high of $26.16. The company’s 50 day moving average is $17.99 and its two-hundred day moving average is $18.52.

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.