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

abrdn Physical Precious Metals Basket Shares ETF (NYSEARCA:GLTR) was the target of a large growth in short interest in January. As of January 30th, there was short interest totaling 451,937 shares, a growth of 432.7% from the January 15th total of 84,836 shares. Approximately 3.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 366,417 shares, the days-to-cover ratio is presently 1.2 days. Based on an average daily trading volume, of 366,417 shares, the days-to-cover ratio is presently 1.2 days. Approximately 3.5% of the shares of the stock are sold short.

abrdn Physical Precious Metals Basket Shares ETF Stock Down 6.4%

Shares of GLTR opened at $225.57 on Friday. abrdn Physical Precious Metals Basket Shares ETF has a 1 year low of $117.50 and a 1 year high of $295.44. The business’s 50 day simple moving average is $224.15 and its 200-day simple moving average is $183.83.

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

Institutional investors have recently bought and sold shares of the business. Jane Street Group LLC purchased a new position in shares of abrdn Physical Precious Metals Basket Shares ETF in the 4th quarter worth $466,000. Virtue Capital Management LLC bought a new position in shares of abrdn Physical Precious Metals Basket Shares ETF in the 4th quarter valued at about $811,000. Fortress Private Ledger LLC purchased a new position in abrdn Physical Precious Metals Basket Shares ETF in the fourth quarter worth about $306,000. Steward Partners Investment Advisory LLC grew its position in abrdn Physical Precious Metals Basket Shares ETF by 11.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,450 shares of the company’s stock worth $504,000 after acquiring an additional 249 shares in the last quarter. Finally, Bank of Montreal Can increased its stake in abrdn Physical Precious Metals Basket Shares ETF by 105.1% during the fourth quarter. Bank of Montreal Can now owns 2,623 shares of the company’s stock worth $539,000 after acquiring an additional 1,344 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.