Short Interest in abrdn Physical Precious Metals Basket Shares ETF (NYSEARCA:GLTR) Decreases By 85.0%

abrdn Physical Precious Metals Basket Shares ETF (NYSEARCA:GLTR) was the target of a large decline in short interest in February. As of February 13th, there was short interest totaling 67,841 shares, a decline of 85.0% from the January 29th total of 451,937 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average daily volume of 197,210 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 197,210 shares, the short-interest ratio is currently 0.3 days. Currently, 0.5% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Merit Financial Group LLC lifted its position in shares of abrdn Physical Precious Metals Basket Shares ETF by 0.6% in the 4th quarter. Merit Financial Group LLC now owns 9,315 shares of the company’s stock worth $1,915,000 after purchasing an additional 51 shares during the period. Sowell Financial Services LLC raised its stake in abrdn Physical Precious Metals Basket Shares ETF by 3.9% in the fourth quarter. Sowell Financial Services LLC now owns 1,738 shares of the company’s stock worth $357,000 after buying an additional 65 shares in the last quarter. Principal Securities Inc. lifted its holdings in abrdn Physical Precious Metals Basket Shares ETF by 4.0% during the fourth quarter. Principal Securities Inc. now owns 1,698 shares of the company’s stock worth $349,000 after buying an additional 65 shares during the period. PFG Investments LLC raised its holdings in abrdn Physical Precious Metals Basket Shares ETF by 5.4% in the fourth quarter. PFG Investments LLC now owns 1,363 shares of the company’s stock worth $280,000 after purchasing an additional 70 shares in the last quarter. Finally, Global Assets Advisory LLC lifted its position in shares of abrdn Physical Precious Metals Basket Shares ETF by 0.8% during the fourth quarter. Global Assets Advisory LLC now owns 9,706 shares of the company’s stock valued at $1,996,000 after buying an additional 74 shares during the last quarter.

abrdn Physical Precious Metals Basket Shares ETF Price Performance

Shares of GLTR stock traded up $1.12 during mid-day trading on Wednesday, hitting $247.59. The stock had a trading volume of 102,390 shares, compared to its average volume of 225,056. abrdn Physical Precious Metals Basket Shares ETF has a 12-month low of $117.50 and a 12-month high of $295.44. The firm’s 50-day moving average is $231.96 and its two-hundred day moving average is $190.18.

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.