abrdn Physical Platinum Shares ETF (NYSEARCA:PPLT) Short Interest Update

abrdn Physical Platinum Shares ETF (NYSEARCA:PPLT) saw a large drop in short interest in the month of December. As of December 15th, there was short interest totaling 461,527 shares, a drop of 41.2% from the November 30th total of 784,652 shares. Based on an average daily volume of 412,282 shares, the days-to-cover ratio is currently 1.1 days. Currently, 3.4% of the shares of the stock are sold short. Currently, 3.4% of the shares of the stock are sold short. Based on an average daily volume of 412,282 shares, the days-to-cover ratio is currently 1.1 days.

Hedge Funds Weigh In On abrdn Physical Platinum Shares ETF

Several large investors have recently made changes to their positions in the business. DAVENPORT & Co LLC raised its holdings in shares of abrdn Physical Platinum Shares ETF by 2,768.2% in the 2nd quarter. DAVENPORT & Co LLC now owns 86,046 shares of the company’s stock worth $10,572,000 after purchasing an additional 83,046 shares in the last quarter. CENTRAL TRUST Co boosted its holdings in abrdn Physical Platinum Shares ETF by 24.3% during the second quarter. CENTRAL TRUST Co now owns 318,113 shares of the company’s stock worth $39,087,000 after buying an additional 62,198 shares in the last quarter. Intrepid Family Office LLC acquired a new position in abrdn Physical Platinum Shares ETF in the second quarter worth approximately $6,144,000. Arkadios Wealth Advisors bought a new position in shares of abrdn Physical Platinum Shares ETF in the second quarter valued at $5,257,000. Finally, Raymond James Financial Inc. lifted its position in shares of abrdn Physical Platinum Shares ETF by 188.5% during the 2nd quarter. Raymond James Financial Inc. now owns 63,278 shares of the company’s stock valued at $7,775,000 after acquiring an additional 41,348 shares during the last quarter. Institutional investors own 20.03% of the company’s stock.

abrdn Physical Platinum Shares ETF Trading Down 12.4%

Shares of abrdn Physical Platinum Shares ETF stock traded down $27.36 during trading on Monday, hitting $192.78. The stock had a trading volume of 3,243,408 shares, compared to its average volume of 394,325. The business has a fifty day moving average of $155.06 and a two-hundred day moving average of $138.04. abrdn Physical Platinum Shares ETF has a fifty-two week low of $82.35 and a fifty-two week high of $225.71.

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.