Short Interest in abrdn Physical Precious Metals Basket Shares ETF (NYSEARCA:GLTR) Expands By 59.1%

abrdn Physical Precious Metals Basket Shares ETF (NYSEARCA:GLTR) saw a large increase in short interest in 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. Based on an average daily trading volume, of 63,790 shares, the short-interest ratio is currently 1.3 days. Currently, 0.6% of the shares of the stock are sold short.

abrdn Physical Precious Metals Basket Shares ETF Price Performance

Shares of NYSEARCA GLTR traded up $4.41 during mid-day trading on Thursday, reaching $197.25. The company’s stock had a trading volume of 20,754 shares, compared to its average volume of 103,346. abrdn Physical Precious Metals Basket Shares ETF has a 1-year low of $152.66 and a 1-year high of $295.44. The stock has a 50-day moving average of $193.09 and a two-hundred day moving average of $206.43.

Institutional Trading of abrdn Physical Precious Metals Basket Shares ETF

Hedge funds have recently made changes to their positions in the company. Bank of America Corp DE grew its position in abrdn Physical Precious Metals Basket Shares ETF by 5.9% in the first quarter. Bank of America Corp DE now owns 392,631 shares of the company’s stock worth $85,876,000 after acquiring an additional 21,793 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in abrdn Physical Precious Metals Basket Shares ETF by 10.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 232,088 shares of the company’s stock worth $47,717,000 after buying an additional 21,283 shares during the period. Focus Partners Wealth raised its stake in shares of abrdn Physical Precious Metals Basket Shares ETF by 6.2% in the fourth quarter. Focus Partners Wealth now owns 219,174 shares of the company’s stock valued at $45,062,000 after acquiring an additional 12,744 shares in the last quarter. Wealthfront Advisers LLC grew its position in shares of abrdn Physical Precious Metals Basket Shares ETF by 21.9% during the first quarter. Wealthfront Advisers LLC now owns 185,979 shares of the company’s stock worth $40,677,000 after buying an additional 33,401 shares in the last quarter. Finally, Rockefeller Capital Management L.P. grew its holdings in abrdn Physical Precious Metals Basket Shares ETF by 25.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 176,276 shares of the company’s stock worth $36,242,000 after acquiring an additional 35,985 shares in the last quarter.

About abrdn Physical Precious Metals Basket Shares ETF

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.