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 large decline in short interest during the month of July. As of July 15th, there was short interest totaling 14,084 shares, a decline of 78.9% from the June 30th total of 66,637 shares. Based on an average daily trading volume, of 59,655 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are short sold.

abrdn Physical Precious Metals Basket Shares ETF Stock Up 0.2%

GLTR stock opened at $181.27 on Friday. The business has a 50 day moving average of $194.31 and a 200-day moving average of $217.99. abrdn Physical Precious Metals Basket Shares ETF has a 12-month low of $137.98 and a 12-month high of $295.44.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Ameriprise Financial Inc. increased its position in shares of abrdn Physical Precious Metals Basket Shares ETF by 953.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 128,338 shares of the company’s stock valued at $21,227,000 after purchasing an additional 116,151 shares during the last quarter. LPL Financial LLC boosted its holdings in shares of abrdn Physical Precious Metals Basket Shares ETF by 39.6% in the 4th quarter. LPL Financial LLC now owns 380,713 shares of the company’s stock worth $78,275,000 after buying an additional 107,963 shares during the last quarter. Argos Wealth Advisors LLC purchased a new position in shares of abrdn Physical Precious Metals Basket Shares ETF in the 4th quarter worth about $17,160,000. Thrivent Financial for Lutherans bought a new position in abrdn Physical Precious Metals Basket Shares ETF during the fourth quarter valued at about $16,966,000. Finally, Wells Fargo & Company MN grew 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 valued at $96,852,000 after buying an additional 50,391 shares during the period.

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.