abrdn Physical Precious Metals Basket Shares ETF (NYSEARCA:GLTR) Short Interest Update

abrdn Physical Precious Metals Basket Shares ETF (NYSEARCA:GLTR) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 81,248 shares, an increase of 59.1% from the August 15th total of 51,081 shares. Currently, 0.6% of the company’s shares are short sold. Based on an average daily volume of 63,790 shares, the short-interest ratio is currently 1.3 days.

Institutional Investors Weigh In On abrdn Physical Precious Metals Basket Shares ETF

A number of institutional investors and hedge funds have recently bought and sold shares of GLTR. RFG Advisory LLC bought a new position in shares of abrdn Physical Precious Metals Basket Shares ETF during the 1st quarter worth approximately $4,099,000. Winthrop Capital Management LLC purchased a new position in abrdn Physical Precious Metals Basket Shares ETF during the 4th quarter worth approximately $841,000. Wealthfront Advisers LLC grew its position in abrdn Physical Precious Metals Basket Shares ETF by 21.9% during the 1st quarter. Wealthfront Advisers LLC now owns 185,979 shares of the company’s stock worth $40,677,000 after purchasing an additional 33,401 shares during the period. Private Advisor Group LLC lifted its holdings in abrdn Physical Precious Metals Basket Shares ETF by 778.1% in the first quarter. Private Advisor Group LLC now owns 46,274 shares of the company’s stock valued at $10,121,000 after acquiring an additional 41,004 shares during the period. Finally, Rockefeller Capital Management L.P. grew its position in abrdn Physical Precious Metals Basket Shares ETF by 25.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 176,276 shares of the company’s stock valued at $36,242,000 after buying an additional 35,985 shares during the period.

abrdn Physical Precious Metals Basket Shares ETF Trading Up 2.3%

GLTR traded up $4.41 on Thursday, reaching $197.25. 20,754 shares of the company traded hands, compared to its average volume of 103,346. abrdn Physical Precious Metals Basket Shares ETF has a one year low of $152.66 and a one year high of $295.44. The firm has a fifty day simple moving average of $193.09 and a two-hundred day simple moving average of $206.43.

abrdn Physical Precious Metals Basket Shares ETF Company Profile

The abrdn Physical Precious Metals Basket Shares ETF (GLTR) is an exchange-traded fund that mostly invests in broad market commodities. The fund tracks the spot prices of a basket of gold, silver, platinum and palladium, less trust expenses. GLTR was launched on Oct 22, 2010 and is managed by Abrdn.