abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) Shares Shorted: Short Interest Down 51.9% in September

abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) saw a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 962,782 shares, a decline of 51.9% from the September 15th total of 2,003,540 shares. Based on an average trading volume of 2,935,748 shares, the short-interest ratio is presently 0.3 days. Approximately 0.5% of the shares of the company are sold short.

abrdn Physical Gold Shares ETF Stock Performance

Shares of SGOL traded down $0.60 on Wednesday, reaching $39.03. The company’s stock had a trading volume of 3,880,786 shares, compared to its average volume of 4,207,349. The stock’s 50 day simple moving average is $41.33 and its two-hundred day simple moving average is $41.64. abrdn Physical Gold Shares ETF has a 12-month low of $37.31 and a 12-month high of $52.84.

Institutional Trading of abrdn Physical Gold Shares ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Guardian Point Capital LP raised its stake in shares of abrdn Physical Gold Shares ETF by 8.3% in the fourth quarter. Guardian Point Capital LP now owns 1,300,000 shares of the company’s stock valued at $53,404,000 after acquiring an additional 100,000 shares during the period. Ethos Financial Group LLC boosted its stake in shares of abrdn Physical Gold Shares ETF by 2.7% during the 1st quarter. Ethos Financial Group LLC now owns 1,024,396 shares of the company’s stock worth $45,698,000 after purchasing an additional 27,071 shares during the period. Waverly Advisors LLC boosted its stake in shares of abrdn Physical Gold Shares ETF by 1.3% during the 2nd quarter. Waverly Advisors LLC now owns 966,282 shares of the company’s stock worth $36,941,000 after purchasing an additional 12,554 shares during the period. NewEdge Advisors LLC grew its holdings in abrdn Physical Gold Shares ETF by 129.9% during the 2nd quarter. NewEdge Advisors LLC now owns 695,666 shares of the company’s stock valued at $26,595,000 after purchasing an additional 393,006 shares during the last quarter. Finally, Kestra Advisory Services LLC grew its holdings in abrdn Physical Gold Shares ETF by 28.2% during the 1st quarter. Kestra Advisory Services LLC now owns 692,666 shares of the company’s stock valued at $30,907,000 after purchasing an additional 152,348 shares during the last quarter.

About abrdn Physical Gold Shares ETF

The abrdn Physical Gold Shares ETF (SGOL) is an exchange-traded fund that is based on the LBMA Gold Price index. The fund seeks to track the spot price for gold, less trust expenses holding costs, holding physical gold bars. SGOL was launched on Sep 9, 2009 and is managed by Abrdn.