abrdn Physical Platinum Shares ETF Sees Unusually Large Options Volume (NYSEARCA:PPLT)

abrdn Physical Platinum Shares ETF (NYSEARCA:PPLT) was the target of some unusual options trading on Wednesday. Stock traders purchased 6,243 call options on the company. This represents an increase of approximately 61% compared to the typical volume of 3,873 call options.

abrdn Physical Platinum Shares ETF Stock Performance

Shares of abrdn Physical Platinum Shares ETF stock traded up $0.79 on Wednesday, hitting $17.25. The company had a trading volume of 2,011,651 shares, compared to its average volume of 4,807,244. abrdn Physical Platinum Shares ETF has a 1 year low of $12.32 and a 1 year high of $26.16. The stock has a 50 day moving average of $15.48 and a 200-day moving average of $17.04.

Institutional Investors Weigh In On abrdn Physical Platinum Shares ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. WIT Partners Advisory Pte. Ltd. boosted its holdings in abrdn Physical Platinum Shares ETF by 2,314.0% during the 2nd quarter. WIT Partners Advisory Pte. Ltd. now owns 554,491 shares of the company’s stock worth $7,835,000 after acquiring an additional 531,521 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of abrdn Physical Platinum Shares ETF by 5,730.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 346,804 shares of the company’s stock valued at $64,655,000 after purchasing an additional 340,856 shares during the last quarter. Corient Private Wealth LLC lifted its position in shares of abrdn Physical Platinum Shares ETF by 12,472.1% during the fourth quarter. Corient Private Wealth LLC now owns 187,073 shares of the company’s stock valued at $34,876,000 after purchasing an additional 185,585 shares in the last quarter. Proficio Capital Partners LLC lifted its position in shares of abrdn Physical Platinum Shares ETF by 286.0% during the second quarter. Proficio Capital Partners LLC now owns 235,390 shares of the company’s stock valued at $3,326,000 after purchasing an additional 174,411 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in abrdn Physical Platinum Shares ETF by 135.3% during the fourth quarter. BNP Paribas Financial Markets now owns 174,974 shares of the company’s stock worth $32,620,000 after purchasing an additional 100,602 shares during the last quarter. 20.03% of the stock is owned by hedge funds and other institutional investors.

abrdn Physical Platinum Shares ETF Company Profile

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.