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 large drop in short interest in the month of September. As of September 15th, there was short interest totaling 19,058 shares, a drop of 76.5% from the August 31st total of 81,248 shares. Based on an average daily trading volume, of 50,557 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.1% of the company’s shares are short sold.

abrdn Physical Precious Metals Basket Shares ETF Price Performance

Shares of GLTR traded up $1.19 during mid-day trading on Friday, hitting $194.63. 35,912 shares of the company’s stock traded hands, compared to its average volume of 101,022. abrdn Physical Precious Metals Basket Shares ETF has a 1 year low of $161.25 and a 1 year high of $295.44. The business’s 50-day moving average price is $195.24 and its 200-day moving average price is $204.34.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. boosted its position in shares of abrdn Physical Precious Metals Basket Shares ETF by 29.6% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 14,498 shares of the company’s stock valued at $2,625,000 after buying an additional 3,308 shares during the last quarter. Integrated Wealth Concepts LLC raised its stake in shares of abrdn Physical Precious Metals Basket Shares ETF by 6.3% in the second 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 boosted its position in shares of abrdn Physical Precious Metals Basket Shares ETF by 37.1% in the second quarter. RFG Advisory LLC now owns 25,688 shares of the company’s stock worth $4,653,000 after purchasing an additional 6,946 shares during the period. NewEdge Advisors LLC increased its stake in abrdn Physical Precious Metals Basket Shares ETF by 41.1% in the 2nd 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 in the last quarter. Finally, IFP Advisors Inc lifted its holdings in abrdn Physical Precious Metals Basket Shares ETF by 5.8% in 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 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.