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

abrdn Physical Precious Metals Basket Shares ETF (NYSEARCA:GLTR) was the target of a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 14,084 shares, a decline of 78.9% from the June 30th total of 66,637 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 59,655 shares, the short-interest ratio is currently 0.2 days.

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

Several large investors have recently bought and sold shares of GLTR. Royal Bank of Canada boosted its holdings in abrdn Physical Precious Metals Basket Shares ETF by 3.2% during the 1st quarter. Royal Bank of Canada now owns 24,723 shares of the company’s stock worth $3,201,000 after acquiring an additional 763 shares during the last quarter. Baird Financial Group Inc. raised its holdings in shares of abrdn Physical Precious Metals Basket Shares ETF by 19.6% in the second quarter. Baird Financial Group Inc. now owns 3,517 shares of the company’s stock valued at $486,000 after purchasing an additional 576 shares during the last quarter. NewEdge Advisors LLC lifted its position in shares of abrdn Physical Precious Metals Basket Shares ETF by 21.4% during the second quarter. NewEdge Advisors LLC now owns 8,388 shares of the company’s stock valued at $1,159,000 after purchasing an additional 1,477 shares in the last quarter. Peapack Gladstone Financial Corp lifted its position in shares of abrdn Physical Precious Metals Basket Shares ETF by 88.8% during the second quarter. Peapack Gladstone Financial Corp now owns 3,190 shares of the company’s stock valued at $440,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its holdings in abrdn Physical Precious Metals Basket Shares ETF by 1.1% during the second quarter. Raymond James Financial Inc. now owns 33,743 shares of the company’s stock worth $4,662,000 after purchasing an additional 358 shares during the last quarter.

abrdn Physical Precious Metals Basket Shares ETF Stock Performance

GLTR stock opened at $181.27 on Friday. abrdn Physical Precious Metals Basket Shares ETF has a twelve month low of $137.98 and a twelve month high of $295.44. The stock’s 50 day moving average is $194.31 and its 200-day moving average is $217.99.

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.