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

abrdn Physical Platinum Shares ETF (NYSEARCA:PPLT) was the recipient of a significant decrease in short interest in the month of April. As of April 15th, there was short interest totaling 1,050,511 shares, a decrease of 16.2% from the March 31st total of 1,253,946 shares. Currently, 7.5% of the shares of the stock are sold short. Based on an average daily volume of 285,637 shares, the days-to-cover ratio is currently 3.7 days.

Hedge Funds Weigh In On abrdn Physical Platinum Shares ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of PPLT. Benjamin Edwards Inc. lifted its stake in abrdn Physical Platinum Shares ETF by 2.5% during the third quarter. Benjamin Edwards Inc. now owns 3,063 shares of the company’s stock worth $438,000 after purchasing an additional 75 shares during the last quarter. Compound Planning Inc. increased its position in shares of abrdn Physical Platinum Shares ETF by 0.9% during the 3rd quarter. Compound Planning Inc. now owns 9,136 shares of the company’s stock valued at $1,305,000 after purchasing an additional 83 shares during the last quarter. Integrated Wealth Concepts LLC increased its position in shares of abrdn Physical Platinum Shares ETF by 5.1% during the 4th quarter. Integrated Wealth Concepts LLC now owns 1,718 shares of the company’s stock valued at $320,000 after purchasing an additional 84 shares during the last quarter. Kestra Private Wealth Services LLC raised its holdings in shares of abrdn Physical Platinum Shares ETF by 5.7% during the 1st quarter. Kestra Private Wealth Services LLC now owns 1,852 shares of the company’s stock valued at $330,000 after buying an additional 100 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV raised its holdings in shares of abrdn Physical Platinum Shares ETF by 316.7% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 150 shares of the company’s stock valued at $28,000 after buying an additional 114 shares in the last quarter. Hedge funds and other institutional investors own 20.03% of the company’s stock.

abrdn Physical Platinum Shares ETF Trading Up 0.3%

Shares of PPLT stock opened at $180.27 on Friday. abrdn Physical Platinum Shares ETF has a 52-week low of $87.40 and a 52-week high of $261.62. The business’s fifty day moving average is $186.93 and its 200 day moving average is $179.63.

abrdn Physical Platinum Shares ETF’s stock is going to split on the morning of Monday, May 18th. The 10-1 split was announced on Wednesday, April 22nd. The newly issued shares will be distributed to shareholders after the closing bell on Thursday, May 14th.

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.