abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) Short Interest Up 53.0% in August

abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) was the recipient of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 1,269,228 shares, an increase of 53.0% from the July 30th total of 829,651 shares. Approximately 0.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,801,379 shares, the short-interest ratio is currently 0.7 days.

abrdn Physical Gold Shares ETF Trading Down 2.0%

Shares of NYSEARCA:SGOL traded down $0.86 during trading on Tuesday, reaching $41.54. The company had a trading volume of 324,010 shares, compared to its average volume of 4,470,327. The firm’s fifty day moving average is $40.10 and its 200 day moving average is $43.14. abrdn Physical Gold Shares ETF has a twelve month low of $33.17 and a twelve month high of $52.84.

Institutional Investors Weigh In On abrdn Physical Gold Shares ETF

Institutional investors have recently added to or reduced their stakes in the company. Walleye Capital LLC bought a new stake in shares of abrdn Physical Gold Shares ETF in the 2nd quarter worth $224,000. Cerity Partners LLC raised its position in abrdn Physical Gold Shares ETF by 42.3% in the second quarter. Cerity Partners LLC now owns 45,134 shares of the company’s stock worth $1,428,000 after acquiring an additional 13,424 shares in the last quarter. NewEdge Advisors LLC raised its position in abrdn Physical Gold Shares ETF by 1.3% in the second quarter. NewEdge Advisors LLC now owns 303,309 shares of the company’s stock worth $9,566,000 after acquiring an additional 3,891 shares in the last quarter. BNP Paribas acquired a new stake in abrdn Physical Gold Shares ETF in the 2nd quarter valued at about $39,000. Finally, Darwin Wealth Management LLC acquired a new stake in abrdn Physical Gold Shares ETF in the 2nd quarter valued at about $259,000.

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.