abrdn Physical Precious Metals Basket Shares ETF (NYSEARCA:GLTR) Short Interest Up 43.5% in February

abrdn Physical Precious Metals Basket Shares ETF (NYSEARCA:GLTR) was the target of a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 97,369 shares, a growth of 43.5% from the February 12th total of 67,841 shares. Based on an average daily trading volume, of 120,540 shares, the short-interest ratio is currently 0.8 days. Approximately 0.7% of the company’s shares are sold short. Approximately 0.7% of the company’s shares are sold short. Based on an average daily trading volume, of 120,540 shares, the short-interest ratio is currently 0.8 days.

abrdn Physical Precious Metals Basket Shares ETF Trading Down 2.9%

NYSEARCA GLTR traded down $6.85 during trading hours on Friday, hitting $233.49. 76,074 shares of the company’s stock were exchanged, compared to its average volume of 195,475. The stock has a 50-day simple moving average of $240.30 and a 200 day simple moving average of $198.42. abrdn Physical Precious Metals Basket Shares ETF has a 1-year low of $119.45 and a 1-year high of $295.44.

Institutional Trading of abrdn Physical Precious Metals Basket Shares ETF

Hedge funds have recently modified their holdings of the stock. Measured Wealth Private Client Group LLC bought a new position in shares of abrdn Physical Precious Metals Basket Shares ETF in the third quarter valued at approximately $32,000. Seneschal Advisors LLC bought a new stake in abrdn Physical Precious Metals Basket Shares ETF during the fourth quarter worth $40,000. GGM Financials LLC purchased a new stake in abrdn Physical Precious Metals Basket Shares ETF in the 3rd quarter valued at $38,000. Grey Fox Wealth Advisors LLC purchased a new stake in abrdn Physical Precious Metals Basket Shares ETF in the 3rd quarter valued at $39,000. Finally, Financial Network Wealth Advisors LLC bought a new position in abrdn Physical Precious Metals Basket Shares ETF during the 3rd quarter valued at $52,000.

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.