abrdn Physical Precious Metals Basket Shares ETF (NYSEARCA:GLTR – Get Free Report) was the recipient of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 14,084 shares, a drop of 78.9% from the June 30th total of 66,637 shares. Based on an average daily volume of 59,655 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the company’s shares are sold short.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. Ameriprise Financial Inc. boosted its holdings in abrdn Physical Precious Metals Basket Shares ETF by 953.1% in the third quarter. Ameriprise Financial Inc. now owns 128,338 shares of the company’s stock worth $21,227,000 after acquiring an additional 116,151 shares in the last quarter. LPL Financial LLC increased its position in shares of abrdn Physical Precious Metals Basket Shares ETF by 39.6% during the fourth quarter. LPL Financial LLC now owns 380,713 shares of the company’s stock worth $78,275,000 after acquiring an additional 107,963 shares in the last quarter. Argos Wealth Advisors LLC acquired a new stake in shares of abrdn Physical Precious Metals Basket Shares ETF in the 4th quarter worth about $17,160,000. Thrivent Financial for Lutherans acquired a new stake in shares of abrdn Physical Precious Metals Basket Shares ETF in the 4th quarter worth about $16,966,000. Finally, Wells Fargo & Company MN lifted its position in abrdn Physical Precious Metals Basket Shares ETF by 12.0% in the 4th quarter. Wells Fargo & Company MN now owns 471,068 shares of the company’s stock valued at $96,852,000 after acquiring an additional 50,391 shares in the last quarter.
abrdn Physical Precious Metals Basket Shares ETF Stock Up 0.2%
Shares of NYSEARCA GLTR traded up $0.45 during midday trading on Friday, reaching $181.27. The stock had a trading volume of 91,950 shares, compared to its average volume of 114,330. The company’s 50 day moving average price is $194.31 and its 200 day moving average price is $217.99. abrdn Physical Precious Metals Basket Shares ETF has a twelve month low of $137.98 and a twelve month high of $295.44.
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.
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