abrdn Physical Precious Metals Basket Shares ETF (NYSEARCA:GLTR) Short Interest Up 237.3% in July

abrdn Physical Precious Metals Basket Shares ETF (NYSEARCA:GLTR) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 47,508 shares, a growth of 237.3% from the July 15th total of 14,084 shares. Based on an average daily trading volume, of 82,450 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.3% of the shares of the company are sold short.

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

Hedge funds have recently bought and sold shares of the company. Ameriprise Financial Inc. increased its stake in shares of 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 purchasing an additional 116,151 shares during the period. LPL Financial LLC lifted its position in shares of abrdn Physical Precious Metals Basket Shares ETF by 39.6% during the 4th quarter. LPL Financial LLC now owns 380,713 shares of the company’s stock worth $78,275,000 after purchasing an additional 107,963 shares during the last quarter. Argos Wealth Advisors LLC bought a new stake in abrdn Physical Precious Metals Basket Shares ETF during the 4th quarter valued at approximately $17,160,000. Thrivent Financial for Lutherans bought a new stake in abrdn Physical Precious Metals Basket Shares ETF during the 4th quarter valued at approximately $16,966,000. Finally, Wells Fargo & Company MN boosted its stake in abrdn Physical Precious Metals Basket Shares ETF by 12.0% during the 4th quarter. Wells Fargo & Company MN now owns 471,068 shares of the company’s stock valued at $96,852,000 after purchasing an additional 50,391 shares during the period.

abrdn Physical Precious Metals Basket Shares ETF Price Performance

Shares of NYSEARCA GLTR traded up $1.26 during trading hours on Friday, hitting $197.79. 35,370 shares of the stock were exchanged, compared to its average volume of 110,504. abrdn Physical Precious Metals Basket Shares ETF has a one year low of $139.31 and a one year high of $295.44. The company’s 50 day moving average is $187.66 and its 200 day moving average is $213.50.

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.