abrdn Physical Precious Metals Basket Shares ETF (NYSEARCA:GLTR) Stock Short Interest Falls 76.5%

abrdn Physical Precious Metals Basket Shares ETF (NYSEARCA:GLTR) was the target of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 19,058 shares, a decrease of 76.5% from the August 31st total of 81,248 shares. Based on an average daily volume of 50,557 shares, the short-interest ratio is presently 0.4 days. Currently, 0.1% of the company’s shares are sold short.

abrdn Physical Precious Metals Basket Shares ETF Trading Up 0.6%

Shares of GLTR traded up $1.19 during mid-day trading on Friday, reaching $194.63. 35,912 shares of the company’s stock traded hands, compared to its average volume of 101,022. The stock’s 50-day moving average is $195.24 and its two-hundred day moving average is $204.34. abrdn Physical Precious Metals Basket Shares ETF has a 12 month low of $161.25 and a 12 month high of $295.44.

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

A number of hedge funds have recently made changes to their positions in GLTR. Envestnet Portfolio Solutions Inc. grew its holdings in abrdn Physical Precious Metals Basket Shares ETF by 29.6% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 14,498 shares of the company’s stock worth $2,625,000 after purchasing an additional 3,308 shares during the last quarter. Integrated Wealth Concepts LLC increased its holdings in abrdn Physical Precious Metals Basket Shares ETF by 6.3% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 12,019 shares of the company’s stock worth $2,177,000 after buying an additional 710 shares during the period. RFG Advisory LLC lifted its position in abrdn Physical Precious Metals Basket Shares ETF by 37.1% during the second quarter. RFG Advisory LLC now owns 25,688 shares of the company’s stock valued at $4,653,000 after purchasing an additional 6,946 shares during the period. NewEdge Advisors LLC boosted its stake in shares of abrdn Physical Precious Metals Basket Shares ETF by 41.1% in the second quarter. NewEdge Advisors LLC now owns 14,924 shares of the company’s stock worth $2,703,000 after buying an additional 4,346 shares during the last quarter. Finally, IFP Advisors Inc grew its stake in shares of abrdn Physical Precious Metals Basket Shares ETF by 5.8% during the 2nd quarter. IFP Advisors Inc now owns 9,823 shares of the company’s stock worth $1,779,000 after purchasing an additional 538 shares during the period.

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.