abrdn Physical Precious Metals Basket Shares ETF (NYSEARCA:GLTR) Stock Short Interest Drops 82.1%

abrdn Physical Precious Metals Basket Shares ETF (NYSEARCA:GLTR) was the target of a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 3,417 shares, a decrease of 82.1% from the September 15th total of 19,058 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 43,988 shares, the short-interest ratio is presently 0.1 days.

abrdn Physical Precious Metals Basket Shares ETF Stock Performance

Shares of abrdn Physical Precious Metals Basket Shares ETF stock opened at $187.45 on Friday. The company’s 50 day moving average price is $196.12 and its two-hundred day moving average price is $201.12. abrdn Physical Precious Metals Basket Shares ETF has a fifty-two week low of $167.52 and a fifty-two week high of $295.44.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of GLTR. AdvisorNet Financial Inc grew its position in shares of abrdn Physical Precious Metals Basket Shares ETF by 3.9% in the first quarter. AdvisorNet Financial Inc now owns 1,475 shares of the company’s stock valued at $323,000 after purchasing an additional 56 shares in the last quarter. Eagle Bay Advisors LLC lifted its holdings in abrdn Physical Precious Metals Basket Shares ETF by 2.9% during the 1st quarter. Eagle Bay Advisors LLC now owns 2,200 shares of the company’s stock worth $481,000 after purchasing an additional 63 shares in the last quarter. Asset Dedication LLC boosted its stake in abrdn Physical Precious Metals Basket Shares ETF by 175.6% in the 1st quarter. Asset Dedication LLC now owns 113 shares of the company’s stock worth $25,000 after purchasing an additional 72 shares during the period. World Investment Advisors boosted its stake in abrdn Physical Precious Metals Basket Shares ETF by 9.6% in the 1st quarter. World Investment Advisors now owns 1,083 shares of the company’s stock worth $237,000 after purchasing an additional 95 shares during the period. Finally, Collaborative Wealth Managment Inc. boosted its stake in abrdn Physical Precious Metals Basket Shares ETF by 4.3% in the 1st quarter. Collaborative Wealth Managment Inc. now owns 2,488 shares of the company’s stock worth $544,000 after purchasing an additional 103 shares during the period.

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.