abrdn Physical Palladium Shares ETF Sees Unusually High Options Volume (NYSEARCA:PALL)

abrdn Physical Palladium Shares ETF (NYSEARCA:PALL) was the target of some unusual options trading on Wednesday. Stock traders acquired 3,911 call options on the stock. This is an increase of 120% compared to the average volume of 1,781 call options.

abrdn Physical Palladium Shares ETF Price Performance

abrdn Physical Palladium Shares ETF stock traded down $12.82 during trading hours on Wednesday, hitting $156.38. The stock had a trading volume of 1,354,691 shares, compared to its average volume of 291,627. The business’s 50 day simple moving average is $134.41 and its 200-day simple moving average is $116.86. abrdn Physical Palladium Shares ETF has a one year low of $82.39 and a one year high of $170.72.

Hedge Funds Weigh In On abrdn Physical Palladium Shares ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE increased its position in abrdn Physical Palladium Shares ETF by 389.6% in the 2nd quarter. Bank of America Corp DE now owns 125,787 shares of the exchange traded fund’s stock valued at $12,655,000 after buying an additional 100,097 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in abrdn Physical Palladium Shares ETF by 202.0% in the third quarter. BNP Paribas Financial Markets now owns 116,622 shares of the exchange traded fund’s stock worth $13,315,000 after acquiring an additional 78,005 shares in the last quarter. Manatuck Hill Partners LLC acquired a new stake in abrdn Physical Palladium Shares ETF in the second quarter valued at approximately $6,540,000. Gradient Investments LLC increased its holdings in shares of abrdn Physical Palladium Shares ETF by 92.4% during the third quarter. Gradient Investments LLC now owns 79,132 shares of the exchange traded fund’s stock valued at $9,034,000 after acquiring an additional 38,003 shares in the last quarter. Finally, Jane Street Group LLC increased its holdings in shares of abrdn Physical Palladium Shares ETF by 1,424.0% during the second quarter. Jane Street Group LLC now owns 37,002 shares of the exchange traded fund’s stock valued at $3,723,000 after acquiring an additional 34,574 shares in the last quarter. Institutional investors own 23.28% of the company’s stock.

About abrdn Physical Palladium Shares ETF

ETFS Physical Palladium Shares (the Fund) is designed to offer investors a simple, cost-efficient and secure way to access the precious metals market. The Fund focuses on providing investors with a return equivalent to movements in the palladium spot price less fees. The Fund is issued by ETFS Palladium Trust (the Trust). The Fund’s sponsor is ETF Securities USA LLC, which is a wholly owned subsidiary of ETF Securities Ltd.