abrdn Physical Platinum Shares ETF (NYSEARCA:PPLT) Short Interest Down 24.5% in February

abrdn Physical Platinum Shares ETF (NYSEARCA:PPLT) was the target of a large drop in short interest in the month of February. As of February 27th, there was short interest totaling 606,085 shares, a drop of 24.5% from the February 12th total of 802,957 shares. Approximately 3.8% of the company’s stock are short sold. Based on an average daily volume of 471,734 shares, the short-interest ratio is currently 1.3 days. Based on an average daily volume of 471,734 shares, the short-interest ratio is currently 1.3 days. Approximately 3.8% of the company’s stock are short sold.

abrdn Physical Platinum Shares ETF Trading Down 5.2%

Shares of NYSEARCA:PPLT traded down $10.04 during trading hours on Friday, hitting $183.83. The company’s stock had a trading volume of 604,651 shares, compared to its average volume of 983,845. The firm’s fifty day moving average price is $205.50 and its 200 day moving average price is $168.29. abrdn Physical Platinum Shares ETF has a 52 week low of $82.79 and a 52 week high of $261.62.

Hedge Funds Weigh In On abrdn Physical Platinum Shares ETF

Large investors have recently bought and sold shares of the business. HHM Wealth Advisors LLC purchased a new stake in abrdn Physical Platinum Shares ETF during the fourth quarter worth $25,000. Acumen Wealth Advisors LLC purchased a new position in shares of abrdn Physical Platinum Shares ETF in the 4th quarter valued at $25,000. Creative Financial Designs Inc. ADV increased its holdings in shares of abrdn Physical Platinum Shares ETF by 316.7% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 150 shares of the company’s stock valued at $28,000 after acquiring an additional 114 shares during the period. Team Financial Group LLC bought a new position in shares of abrdn Physical Platinum Shares ETF in the 4th quarter worth $33,000. Finally, Ball & Co Wealth Management Inc. bought a new position in shares of abrdn Physical Platinum Shares ETF in the 3rd quarter worth $34,000. Institutional investors own 20.03% of the company’s stock.

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.