Short Interest in abrdn Physical Platinum Shares ETF (NYSEARCA:PPLT) Rises By 96.0%

abrdn Physical Platinum Shares ETF (NYSEARCA:PPLT) was the recipient of a large increase in short interest in March. As of March 31st, there was short interest totaling 1,253,946 shares, an increase of 96.0% from the March 15th total of 639,653 shares. Approximately 9.0% of the shares of the company are short sold. Based on an average trading volume of 489,161 shares, the short-interest ratio is currently 2.6 days.

abrdn Physical Platinum Shares ETF Price Performance

abrdn Physical Platinum Shares ETF stock opened at $186.20 on Monday. The business has a 50 day moving average price of $188.53 and a two-hundred day moving average price of $176.23. abrdn Physical Platinum Shares ETF has a 12 month low of $85.75 and a 12 month high of $261.62.

Hedge Funds Weigh In On abrdn Physical Platinum Shares ETF

Several large investors have recently added to or reduced their stakes in the company. Abbington Investment Group acquired a new position in shares of abrdn Physical Platinum Shares ETF in the 3rd quarter worth approximately $3,253,000. Bleakley Financial Group LLC raised its holdings in shares of abrdn Physical Platinum Shares ETF by 26.4% in 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 in the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of abrdn Physical Platinum Shares ETF in the 3rd quarter worth approximately $405,000. Accordant Advisory Group Inc acquired a new position in shares of abrdn Physical Platinum Shares ETF in the 3rd quarter worth approximately $3,500,000. Finally, Black Swift Group LLC raised its holdings in shares of abrdn Physical Platinum Shares ETF by 61.6% in the 3rd quarter. Black Swift Group LLC now owns 53,090 shares of the company’s stock worth $7,585,000 after buying an additional 20,245 shares in the last quarter. Institutional investors and hedge funds 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.