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![profitsplusid Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::86805687.png) bob coleman [@profitsplusid](/creator/twitter/profitsplusid) on x 27.5K followers
Created: 2025-07-22 14:46:13 UTC

abrdn Physical Platinum Shares (PPLT) ETF Alert

One subject not discussed very often is the "Fails to Deliver" (FTD)

PPLT had one of the most concentrated periods from May 2025 to late June 2025 of clearing firms failing to deliver shares. (top chart)

Failure can  occur when a buyer (the party with a long position) doesn't have enough  money to take delivery and pay for the transaction at settlement.

A failure can also occur when the seller (the party with a short position) does not own all or any of the underlying assets required at settlement, and so cannot make the delivery.

It appears that these failures coincided with the spike in the platinum price as well as the borrowing fee (Bottom chart) to short shares. Could mean that as available physical Platinum became more expensive, the ability of authorized participants or market makers to manage share creation and redemption as well as stock lending operations became impaired or more difficult. It is possible that short positions were possibly naked at one point.  

This is another risk of trading securities.

![](https://pbs.twimg.com/media/GweC7CCXsAEOua5.jpg)

XXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1947669518865862672/c:line.svg)

**Related Topics**
[money](/topic/money)
[fund manager](/topic/fund-manager)
[stocks](/topic/stocks)
[$abdnl](/topic/$abdnl)
[bob](/topic/bob)

[Post Link](https://x.com/profitsplusid/status/1947669518865862672)

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profitsplusid Avatar bob coleman @profitsplusid on x 27.5K followers Created: 2025-07-22 14:46:13 UTC

abrdn Physical Platinum Shares (PPLT) ETF Alert

One subject not discussed very often is the "Fails to Deliver" (FTD)

PPLT had one of the most concentrated periods from May 2025 to late June 2025 of clearing firms failing to deliver shares. (top chart)

Failure can occur when a buyer (the party with a long position) doesn't have enough money to take delivery and pay for the transaction at settlement.

A failure can also occur when the seller (the party with a short position) does not own all or any of the underlying assets required at settlement, and so cannot make the delivery.

It appears that these failures coincided with the spike in the platinum price as well as the borrowing fee (Bottom chart) to short shares. Could mean that as available physical Platinum became more expensive, the ability of authorized participants or market makers to manage share creation and redemption as well as stock lending operations became impaired or more difficult. It is possible that short positions were possibly naked at one point.

This is another risk of trading securities.

XXXXX engagements

Engagements Line Chart

Related Topics money fund manager stocks $abdnl bob

Post Link

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