Stock Traders Buy High 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 investors bought 9,491 call options on the stock. This is an increase of approximately 237% compared to the typical daily volume of 2,818 call options.

abrdn Physical Platinum Shares ETF Trading Up 1.0%

PPLT stock opened at $15.94 on Thursday. The business’s 50-day moving average price is $15.11 and its two-hundred day moving average price is $17.68. abrdn Physical Platinum Shares ETF has a 1-year low of $11.86 and a 1-year high of $26.16.

Institutional Investors Weigh In On abrdn Physical Platinum Shares ETF

Hedge funds have recently modified their holdings of the business. Lam Group Inc. grew its position in shares of abrdn Physical Platinum Shares ETF by 900.0% in the 2nd quarter. Lam Group Inc. now owns 2,500 shares of the company’s stock valued at $35,000 after purchasing an additional 2,250 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in abrdn Physical Platinum Shares ETF during the 2nd quarter worth approximately $180,000. Pettinga Financial Advisors LLC raised its holdings in abrdn Physical Platinum Shares ETF by 881.7% during the 2nd quarter. Pettinga Financial Advisors LLC now owns 50,850 shares of the company’s stock worth $719,000 after buying an additional 45,670 shares during the period. Allied Private Wealth LLC acquired a new stake in abrdn Physical Platinum Shares ETF during the 2nd quarter worth approximately $64,000. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its stake in abrdn Physical Platinum Shares ETF by 900.0% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,700 shares of the company’s stock valued at $52,000 after buying an additional 3,330 shares in the last quarter. Institutional investors and hedge funds own 20.03% of the company’s stock.

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.