Aberdeen Standard Physical Platinum Shares ETF (NYSEARCA:PPLT) Sees Large Volume Increase – Here’s Why

Aberdeen Standard Physical Platinum Shares ETF (NYSEARCA:PPLT) shares saw strong trading volume on Monday . 86,594 shares were traded during mid-day trading, a decline of 42% from the previous session’s volume of 149,935 shares.The stock last traded at $92.87 and had previously closed at $92.98.

Aberdeen Standard Physical Platinum Shares ETF Price Performance

The company has a 50-day simple moving average of $88.84 and a 200 day simple moving average of $89.52.

Institutional Trading of Aberdeen Standard Physical Platinum Shares ETF

Hedge funds have recently added to or reduced their stakes in the company. Herr Investment Group LLC boosted its position in Aberdeen Standard Physical Platinum Shares ETF by 169.5% during the first quarter. Herr Investment Group LLC now owns 372,855 shares of the company’s stock worth $31,152,000 after purchasing an additional 234,494 shares in the last quarter. Hollencrest Capital Management raised its stake in shares of Aberdeen Standard Physical Platinum Shares ETF by 7.4% during the 2nd quarter. Hollencrest Capital Management now owns 217,880 shares of the company’s stock worth $19,929,000 after buying an additional 15,000 shares during the period. Jane Street Group LLC lifted its position in shares of Aberdeen Standard Physical Platinum Shares ETF by 98.8% during the 1st quarter. Jane Street Group LLC now owns 141,698 shares of the company’s stock valued at $11,839,000 after buying an additional 70,437 shares in the last quarter. Caxton Associates LP grew its stake in Aberdeen Standard Physical Platinum Shares ETF by 111.2% in the 1st quarter. Caxton Associates LP now owns 119,410 shares of the company’s stock valued at $9,977,000 after acquiring an additional 62,862 shares during the period. Finally, Prospector Partners LLC lifted its holdings in Aberdeen Standard Physical Platinum Shares ETF by 0.6% during the second quarter. Prospector Partners LLC now owns 92,175 shares of the company’s stock valued at $8,431,000 after purchasing an additional 520 shares in the last quarter.

About Aberdeen Standard 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.