abrdn Physical Precious Metals Basket Shares ETF (NYSEARCA:GLTR) Sees Significant Increase in Short Interest

abrdn Physical Precious Metals Basket Shares ETF (NYSEARCA:GLTR) saw a significant 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. Based on an average daily volume of 366,417 shares, the short-interest ratio is presently 1.2 days. Approximately 3.5% of the company’s shares are sold short. Approximately 3.5% of the company’s shares are sold short. Based on an average daily volume of 366,417 shares, the short-interest ratio is presently 1.2 days.

abrdn Physical Precious Metals Basket Shares ETF Trading Down 1.9%

GLTR stock opened at $235.98 on Wednesday. abrdn Physical Precious Metals Basket Shares ETF has a 12-month low of $117.50 and a 12-month high of $295.44. The business’s fifty day moving average price is $222.31 and its 200 day moving average price is $183.14.

Institutional Trading of abrdn Physical Precious Metals Basket Shares ETF

Several hedge funds have recently made changes to their positions in the business. Ameritas Advisory Services LLC acquired a new position in shares of abrdn Physical Precious Metals Basket Shares ETF in the second quarter valued at approximately $29,000. Measured Wealth Private Client Group LLC acquired a new stake in abrdn Physical Precious Metals Basket Shares ETF during the 3rd quarter worth approximately $32,000. IFP Advisors Inc boosted its position in abrdn Physical Precious Metals Basket Shares ETF by 100.0% in the 2nd quarter. IFP Advisors Inc now owns 246 shares of the company’s stock valued at $34,000 after buying an additional 123 shares during the period. GGM Financials LLC acquired a new position in shares of abrdn Physical Precious Metals Basket Shares ETF in the third quarter worth $38,000. Finally, Grey Fox Wealth Advisors LLC acquired a new position in shares of abrdn Physical Precious Metals Basket Shares ETF in the third quarter worth $39,000.

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.