abrdn Physical Precious Metals Basket Shares ETF (NYSEARCA:GLTR) Short Interest Up 59.1% in August

abrdn Physical Precious Metals Basket Shares ETF (NYSEARCA:GLTR) saw a significant growth in short interest in August. As of August 31st, there was short interest totaling 81,248 shares, a growth of 59.1% from the August 15th total of 51,081 shares. Currently, 0.6% of the company’s stock are sold short. Based on an average trading volume of 63,790 shares, the short-interest ratio is presently 1.3 days.

Hedge Funds Weigh In On abrdn Physical Precious Metals Basket Shares ETF

A number of hedge funds have recently bought and sold shares of GLTR. Asset Dedication LLC grew its stake in shares of abrdn Physical Precious Metals Basket Shares ETF by 175.6% in the first 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. Markowski Investments bought a new position in abrdn Physical Precious Metals Basket Shares ETF during the second quarter valued at approximately $26,000. Seneschal Advisors LLC purchased a new stake in abrdn Physical Precious Metals Basket Shares ETF in the fourth quarter worth approximately $40,000. Bogart Wealth LLC bought a new stake in abrdn Physical Precious Metals Basket Shares ETF in the 1st quarter worth approximately $45,000. Finally, Longview Financial Advisors Inc. bought a new stake in abrdn Physical Precious Metals Basket Shares ETF in the 1st quarter worth approximately $50,000.

abrdn Physical Precious Metals Basket Shares ETF Stock Up 2.3%

GLTR stock opened at $197.25 on Friday. abrdn Physical Precious Metals Basket Shares ETF has a 12-month low of $152.66 and a 12-month high of $295.44. The stock’s 50 day simple moving average is $193.34 and its 200 day simple moving average is $206.01.

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.