abrdn Physical Precious Metals Basket Shares ETF (NYSEARCA:GLTR) Short Interest Up 43.5% in February

abrdn Physical Precious Metals Basket Shares ETF (NYSEARCA:GLTR) saw a large increase in short interest in the month of February. As of February 27th, there was short interest totaling 97,369 shares, an increase of 43.5% from the February 12th total of 67,841 shares. Based on an average trading volume of 120,540 shares, the short-interest ratio is currently 0.8 days. Approximately 0.7% of the shares of the stock are sold short. Approximately 0.7% of the shares of the stock are sold short. Based on an average trading volume of 120,540 shares, the short-interest ratio is currently 0.8 days.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Measured Wealth Private Client Group LLC acquired a new stake in abrdn Physical Precious Metals Basket Shares ETF in the 3rd quarter valued at about $32,000. GGM Financials LLC acquired a new position in abrdn Physical Precious Metals Basket Shares ETF during the third quarter worth about $38,000. Grey Fox Wealth Advisors LLC purchased a new stake in shares of abrdn Physical Precious Metals Basket Shares ETF in the third quarter valued at about $39,000. Seneschal Advisors LLC purchased a new stake in shares of abrdn Physical Precious Metals Basket Shares ETF in the fourth quarter valued at about $40,000. Finally, Financial Network Wealth Advisors LLC acquired a new stake in shares of abrdn Physical Precious Metals Basket Shares ETF in the third quarter valued at approximately $52,000.

abrdn Physical Precious Metals Basket Shares ETF Stock Performance

Shares of GLTR traded down $6.85 on Friday, reaching $233.49. The stock had a trading volume of 76,074 shares, compared to its average volume of 195,475. abrdn Physical Precious Metals Basket Shares ETF has a twelve month low of $119.45 and a twelve month high of $295.44. The firm has a 50-day moving average of $240.30 and a 200 day moving average of $199.20.

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.