Short Interest in abrdn Physical Precious Metals Basket Shares ETF (NYSEARCA:GLTR) Drops By 78.9%

abrdn Physical Precious Metals Basket Shares ETF (NYSEARCA:GLTR) was the target of a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 14,084 shares, a decrease of 78.9% from the June 30th total of 66,637 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 59,655 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of abrdn Physical Precious Metals Basket Shares ETF

Several institutional investors have recently modified their holdings of GLTR. Royal Bank of Canada lifted its stake in abrdn Physical Precious Metals Basket Shares ETF by 3.2% in the 1st quarter. Royal Bank of Canada now owns 24,723 shares of the company’s stock valued at $3,201,000 after buying an additional 763 shares in the last quarter. Baird Financial Group Inc. increased its stake in abrdn Physical Precious Metals Basket Shares ETF by 19.6% during the 2nd quarter. Baird Financial Group Inc. now owns 3,517 shares of the company’s stock worth $486,000 after buying an additional 576 shares in the last quarter. NewEdge Advisors LLC raised its holdings in shares of abrdn Physical Precious Metals Basket Shares ETF by 21.4% during the second quarter. NewEdge Advisors LLC now owns 8,388 shares of the company’s stock valued at $1,159,000 after acquiring an additional 1,477 shares during the last quarter. Peapack Gladstone Financial Corp raised its holdings in shares of abrdn Physical Precious Metals Basket Shares ETF by 88.8% during the second quarter. Peapack Gladstone Financial Corp now owns 3,190 shares of the company’s stock valued at $440,000 after acquiring an additional 1,500 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its position in shares of abrdn Physical Precious Metals Basket Shares ETF by 1.1% in the second quarter. Raymond James Financial Inc. now owns 33,743 shares of the company’s stock valued at $4,662,000 after acquiring an additional 358 shares in the last quarter.

abrdn Physical Precious Metals Basket Shares ETF Trading Up 0.9%

Shares of NYSEARCA:GLTR traded up $1.63 during midday trading on Monday, reaching $182.90. 72,927 shares of the company’s stock traded hands, compared to its average volume of 114,036. The company has a fifty day simple moving average of $194.31 and a two-hundred day simple moving average of $218.00. abrdn Physical Precious Metals Basket Shares ETF has a 1 year low of $137.98 and a 1 year high of $295.44.

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.