abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) Stock Short Interest Report for September

abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) saw a large decrease in short interest in September. As of September 30th, there was short interest totaling 962,782 shares, a decrease of 51.9% from the September 15th total of 2,003,540 shares. Based on an average daily trading volume, of 2,935,748 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.5% of the company’s stock are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Waverly Advisors LLC increased its position in abrdn Physical Gold Shares ETF by 3,435.6% in the 1st quarter. Waverly Advisors LLC now owns 953,728 shares of the company’s stock worth $42,555,000 after buying an additional 926,753 shares during the period. NewEdge Advisors LLC boosted its stake in shares of abrdn Physical Gold Shares ETF by 129.9% in the 2nd quarter. NewEdge Advisors LLC now owns 695,666 shares of the company’s stock valued at $26,595,000 after purchasing an additional 393,006 shares in the last quarter. Norris Financial Group LLC bought a new position in shares of abrdn Physical Gold Shares ETF in the first quarter valued at approximately $13,671,000. Kestra Advisory Services LLC grew its holdings in shares of abrdn Physical Gold Shares ETF by 28.2% during the first quarter. Kestra Advisory Services LLC now owns 692,666 shares of the company’s stock worth $30,907,000 after purchasing an additional 152,348 shares during the last quarter. Finally, Kellett Wealth Advisors LLC bought a new position in abrdn Physical Gold Shares ETF in the 3rd quarter worth approximately $5,694,000.

abrdn Physical Gold Shares ETF Trading Down 0.3%

Shares of NYSEARCA SGOL traded down $0.11 during trading hours on Friday, hitting $39.63. The stock had a trading volume of 1,052,275 shares, compared to its average volume of 4,179,719. abrdn Physical Gold Shares ETF has a 52 week low of $37.31 and a 52 week high of $52.84. The firm’s 50-day moving average price is $41.28 and its two-hundred day moving average price is $41.59.

abrdn Physical Gold Shares ETF Company Profile

The abrdn Physical Gold Shares ETF (SGOL) is an exchange-traded fund that is based on the LBMA Gold Price index. The fund seeks to track the spot price for gold, less trust expenses holding costs, holding physical gold bars. SGOL was launched on Sep 9, 2009 and is managed by Abrdn.