abrdn Physical Precious Metals Basket Shares ETF (NYSEARCA:GLTR) Short Interest Up 341.1% in December

abrdn Physical Precious Metals Basket Shares ETF (NYSEARCA:GLTR) saw a significant increase in short interest in December. As of December 15th, there was short interest totaling 133,613 shares, an increase of 341.1% from the November 30th total of 30,291 shares. Based on an average daily volume of 92,783 shares, the days-to-cover ratio is presently 1.4 days. Approximately 1.1% of the company’s shares are short sold. Approximately 1.1% of the company’s shares are short sold. Based on an average daily volume of 92,783 shares, the days-to-cover ratio is presently 1.4 days.

abrdn Physical Precious Metals Basket Shares ETF Trading Up 4.5%

NYSEARCA GLTR traded up $9.55 on Friday, reaching $222.35. 148,810 shares of the stock traded hands, compared to its average volume of 60,025. abrdn Physical Precious Metals Basket Shares ETF has a 12 month low of $108.79 and a 12 month high of $222.54. The company has a fifty day moving average price of $184.08 and a 200-day moving average price of $160.99.

Institutional Trading of abrdn Physical Precious Metals Basket Shares ETF

A number of hedge funds have recently added to or reduced their stakes in GLTR. Baird Financial Group Inc. increased its position in abrdn Physical Precious Metals Basket Shares ETF by 7.4% during the 1st quarter. Baird Financial Group Inc. now owns 2,941 shares of the company’s stock valued at $381,000 after purchasing an additional 203 shares during the period. Royal Bank of Canada boosted its stake in shares of abrdn Physical Precious Metals Basket Shares ETF by 3.2% during the first quarter. Royal Bank of Canada now owns 24,723 shares of the company’s stock valued at $3,201,000 after purchasing an additional 763 shares in the last quarter. Focus Partners Advisor Solutions LLC purchased a new position in abrdn Physical Precious Metals Basket Shares ETF during the first quarter valued at approximately $235,000. Jones Financial Companies Lllp increased its holdings in abrdn Physical Precious Metals Basket Shares ETF by 2,258.8% during the first quarter. Jones Financial Companies Lllp now owns 81,071 shares of the company’s stock valued at $10,496,000 after buying an additional 77,634 shares during the period. Finally, Integrity Alliance LLC. raised its stake in abrdn Physical Precious Metals Basket Shares ETF by 28.1% in the first quarter. Integrity Alliance LLC. now owns 3,713 shares of the company’s stock worth $481,000 after buying an additional 814 shares in the last quarter.

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.