abrdn Physical Precious Metals Basket Shares ETF (NYSEARCA:GLTR) Shares Shorted: Short Interest Down 76.5% in September

abrdn Physical Precious Metals Basket Shares ETF (NYSEARCA:GLTR) was the recipient of a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 19,058 shares, a decline of 76.5% from the August 31st total of 81,248 shares. Based on an average daily volume of 50,557 shares, the short-interest ratio is presently 0.4 days. Currently, 0.1% of the company’s shares are short sold.

abrdn Physical Precious Metals Basket Shares ETF Price Performance

Shares of GLTR stock traded up $1.19 during mid-day trading on Friday, hitting $194.63. The stock had a trading volume of 35,912 shares, compared to its average volume of 101,022. The firm’s 50-day moving average is $195.24 and its two-hundred day moving average is $204.06. abrdn Physical Precious Metals Basket Shares ETF has a 12-month low of $161.25 and a 12-month high of $295.44.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GLTR. RFG Advisory LLC acquired a new position in shares of abrdn Physical Precious Metals Basket Shares ETF during the 1st quarter valued at about $4,099,000. Winthrop Capital Management LLC acquired a new position in abrdn Physical Precious Metals Basket Shares ETF in the 4th quarter valued at about $841,000. Wealthfront Advisers LLC lifted its holdings in abrdn Physical Precious Metals Basket Shares ETF by 21.9% during the 1st quarter. Wealthfront Advisers LLC now owns 185,979 shares of the company’s stock worth $40,677,000 after buying an additional 33,401 shares in the last quarter. Private Advisor Group LLC increased its position in shares of abrdn Physical Precious Metals Basket Shares ETF by 778.1% in the 1st quarter. Private Advisor Group LLC now owns 46,274 shares of the company’s stock valued at $10,121,000 after purchasing an additional 41,004 shares during the last quarter. Finally, Royal Bank of Canada lifted its position in shares of abrdn Physical Precious Metals Basket Shares ETF by 18.6% during the 1st quarter. Royal Bank of Canada now owns 31,236 shares of the company’s stock worth $6,832,000 after buying an additional 4,889 shares during the last quarter.

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.