abrdn Physical Precious Metals Basket Shares ETF (NYSEARCA:GLTR – Get Free Report) was the target of a significant increase in short interest in May. As of May 15th, there was short interest totaling 50,717 shares, an increase of 209.9% from the April 30th total of 16,366 shares. Based on an average daily volume of 59,849 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.4% of the shares of the company are short sold.
Institutional Investors Weigh In On abrdn Physical Precious Metals Basket Shares ETF
Hedge funds and other institutional investors have recently bought and sold shares of the business. Merit Financial Group LLC grew its stake 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 valued at $1,915,000 after buying an additional 51 shares in the last quarter. AdvisorNet Financial Inc grew its stake in shares of abrdn Physical Precious Metals Basket Shares ETF by 3.9% in the 1st quarter. AdvisorNet Financial Inc now owns 1,475 shares of the company’s stock valued at $323,000 after buying an additional 56 shares in the last quarter. Eagle Bay Advisors LLC grew its stake in shares of abrdn Physical Precious Metals Basket Shares ETF by 2.9% in the 1st quarter. Eagle Bay Advisors LLC now owns 2,200 shares of the company’s stock valued at $481,000 after buying an additional 63 shares in the last quarter. Sowell Financial Services LLC grew its stake in shares of abrdn Physical Precious Metals Basket Shares ETF by 3.9% in the 4th quarter. Sowell Financial Services LLC now owns 1,738 shares of the company’s stock valued at $357,000 after buying an additional 65 shares in the last quarter. Finally, Principal Securities Inc. grew its stake in shares of abrdn Physical Precious Metals Basket Shares ETF by 4.0% in the 4th quarter. Principal Securities Inc. now owns 1,698 shares of the company’s stock valued at $349,000 after buying an additional 65 shares in the last quarter.
abrdn Physical Precious Metals Basket Shares ETF Stock Performance
Shares of NYSEARCA GLTR opened at $214.20 on Friday. abrdn Physical Precious Metals Basket Shares ETF has a fifty-two week low of $132.20 and a fifty-two week high of $295.44. The firm’s 50-day simple moving average is $217.75 and its 200 day simple moving average is $218.76.
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.
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