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. Investors acquired 16,353 call options on the company. This represents an increase of 548% compared to the typical daily volume of 2,525 call options.

Institutional Trading of abrdn Physical Platinum Shares ETF

Hedge funds have recently bought and sold shares of the stock. Bleakley Financial Group LLC raised its holdings in abrdn Physical Platinum Shares ETF by 26.4% during the 3rd quarter. Bleakley Financial Group LLC now owns 27,528 shares of the company’s stock worth $3,933,000 after buying an additional 5,754 shares during the period. Darden Wealth Group Inc acquired a new position in abrdn Physical Platinum Shares ETF during the third quarter worth $623,000. Black Swift Group LLC grew its position in abrdn Physical Platinum Shares ETF by 61.6% in the third quarter. Black Swift Group LLC now owns 53,090 shares of the company’s stock valued at $7,585,000 after purchasing an additional 20,245 shares in the last quarter. Private Wealth Advisors LLC bought a new position in abrdn Physical Platinum Shares ETF in the third quarter valued at $1,432,000. Finally, Hohimer Wealth Management LLC bought a new position in abrdn Physical Platinum Shares ETF in the third quarter valued at $2,650,000. 20.03% of the stock is currently owned by institutional investors and hedge funds.

abrdn Physical Platinum Shares ETF Stock Performance

Shares of NYSEARCA:PPLT traded up $0.03 during mid-day trading on Monday, reaching $17.48. The stock had a trading volume of 1,229,643 shares, compared to its average volume of 6,267,605. The firm has a 50 day simple moving average of $18.09 and a two-hundred day simple moving average of $18.46. abrdn Physical Platinum Shares ETF has a twelve month low of $9.55 and a twelve month high of $26.16.

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.