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 growth in short interest in the month of May. As of May 15th, there was short interest totaling 50,717 shares, a growth of 209.9% from the April 30th total of 16,366 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily volume of 59,849 shares, the days-to-cover ratio is currently 0.8 days.

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

A number of large investors have recently added to or reduced their stakes in GLTR. Ameriprise Financial Inc. boosted its position in abrdn Physical Precious Metals Basket Shares ETF by 953.1% during the third quarter. Ameriprise Financial Inc. now owns 128,338 shares of the company’s stock worth $21,227,000 after purchasing an additional 116,151 shares during the period. LPL Financial LLC boosted its position in abrdn Physical Precious Metals Basket Shares ETF by 39.6% during the fourth quarter. LPL Financial LLC now owns 380,713 shares of the company’s stock worth $78,275,000 after purchasing an additional 107,963 shares during the period. Argos Wealth Advisors LLC bought a new stake in abrdn Physical Precious Metals Basket Shares ETF during the fourth quarter worth approximately $17,160,000. Thrivent Financial for Lutherans bought a new stake in abrdn Physical Precious Metals Basket Shares ETF during the fourth quarter worth approximately $16,966,000. Finally, Wells Fargo & Company MN boosted its position in abrdn Physical Precious Metals Basket Shares ETF by 12.0% during the fourth quarter. Wells Fargo & Company MN now owns 471,068 shares of the company’s stock worth $96,852,000 after purchasing an additional 50,391 shares during the period.

abrdn Physical Precious Metals Basket Shares ETF Stock Up 0.6%

Shares of abrdn Physical Precious Metals Basket Shares ETF stock opened at $214.20 on Friday. The stock has a 50 day moving average price of $217.75 and a two-hundred day moving average price of $218.76. abrdn Physical Precious Metals Basket Shares ETF has a 12-month low of $132.20 and a 12-month high of $295.44.

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.