abrdn Physical Precious Metals Basket Shares ETF (NYSEARCA:GLTR) Short Interest Update

abrdn Physical Precious Metals Basket Shares ETF (NYSEARCA:GLTR) was the recipient of a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 16,366 shares, a drop of 42.7% from the April 15th total of 28,563 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 53,806 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of abrdn Physical Precious Metals Basket Shares ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Morgan Stanley lifted its position in shares of abrdn Physical Precious Metals Basket Shares ETF by 6.6% in the fourth quarter. Morgan Stanley now owns 553,776 shares of the company’s stock worth $113,856,000 after buying an additional 34,142 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of abrdn Physical Precious Metals Basket Shares ETF by 12.0% in the fourth quarter. Wells Fargo & Company MN now owns 471,068 shares of the company’s stock worth $96,852,000 after buying an additional 50,391 shares during the last quarter. LPL Financial LLC lifted its position in shares of abrdn Physical Precious Metals Basket Shares ETF by 39.6% in the fourth quarter. LPL Financial LLC now owns 380,713 shares of the company’s stock worth $78,275,000 after buying an additional 107,963 shares during the last quarter. Bank of America Corp DE lifted its position in shares of abrdn Physical Precious Metals Basket Shares ETF by 8.2% in the third quarter. Bank of America Corp DE now owns 379,067 shares of the company’s stock worth $62,717,000 after buying an additional 28,819 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of abrdn Physical Precious Metals Basket Shares ETF by 10.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 232,088 shares of the company’s stock worth $47,717,000 after buying an additional 21,283 shares during the last quarter.

abrdn Physical Precious Metals Basket Shares ETF Price Performance

GLTR traded down $10.60 during trading on Friday, reaching $215.60. 70,031 shares of the stock traded hands, compared to its average volume of 137,136. abrdn Physical Precious Metals Basket Shares ETF has a fifty-two week low of $128.14 and a fifty-two week high of $295.44. The stock’s 50-day simple moving average is $222.64 and its two-hundred day simple moving average is $215.76.

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.