abrdn Physical Precious Metals Basket Shares ETF (NYSEARCA:GLTR – Get Free Report) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totaling 81,248 shares, an increase of 59.1% from the August 15th total of 51,081 shares. Based on an average trading volume of 63,790 shares, the days-to-cover ratio is presently 1.3 days. Approximately 0.6% of the company’s stock are short sold.
abrdn Physical Precious Metals Basket Shares ETF Stock Up 1.1%
Shares of abrdn Physical Precious Metals Basket Shares ETF stock opened at $199.34 on Friday. The company has a 50 day moving average price of $193.63 and a 200 day moving average price of $205.97. abrdn Physical Precious Metals Basket Shares ETF has a 52 week low of $153.98 and a 52 week high of $295.44.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. AdvisorNet Financial Inc grew its holdings in shares of abrdn Physical Precious Metals Basket Shares ETF by 3.9% during the first quarter. AdvisorNet Financial Inc now owns 1,475 shares of the company’s stock valued at $323,000 after buying an additional 56 shares during the last quarter. Eagle Bay Advisors LLC raised its stake in 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 worth $481,000 after acquiring an additional 63 shares during the last quarter. Asset Dedication LLC lifted its position in abrdn Physical Precious Metals Basket Shares ETF by 175.6% during the 1st quarter. Asset Dedication LLC now owns 113 shares of the company’s stock worth $25,000 after acquiring an additional 72 shares during the period. Global Assets Advisory LLC lifted its position in abrdn Physical Precious Metals Basket Shares ETF by 0.8% during the 4th quarter. Global Assets Advisory LLC now owns 9,706 shares of the company’s stock worth $1,996,000 after acquiring an additional 74 shares during the period. Finally, World Investment Advisors lifted its position in abrdn Physical Precious Metals Basket Shares ETF by 9.6% during the 1st quarter. World Investment Advisors now owns 1,083 shares of the company’s stock worth $237,000 after acquiring an additional 95 shares during the period.
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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