Short Interest in abrdn Physical Palladium Shares ETF (NYSEARCA:PALL) Increases By 45.0%

abrdn Physical Palladium Shares ETF (NYSEARCA:PALL) was the recipient of a significant increase in short interest in December. As of December 31st, there was short interest totaling 920,362 shares, an increase of 45.0% from the December 15th total of 634,827 shares. Approximately 12.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 944,074 shares, the short-interest ratio is presently 1.0 days. Based on an average daily trading volume, of 944,074 shares, the short-interest ratio is presently 1.0 days. Approximately 12.5% of the shares of the stock are short sold.

Hedge Funds Weigh In On abrdn Physical Palladium Shares ETF

Institutional investors have recently bought and sold shares of the business. Perigon Wealth Management LLC acquired a new stake in shares of abrdn Physical Palladium Shares ETF in the third quarter valued at approximately $451,000. HB Wealth Management LLC acquired a new position in abrdn Physical Palladium Shares ETF during the 2nd quarter worth $211,000. Cetera Investment Advisers boosted its position in abrdn Physical Palladium Shares ETF by 134.9% in the 2nd quarter. Cetera Investment Advisers now owns 9,862 shares of the exchange traded fund’s stock valued at $992,000 after buying an additional 5,664 shares during the last quarter. Gradient Investments LLC increased its stake in shares of abrdn Physical Palladium Shares ETF by 92.4% in the 3rd quarter. Gradient Investments LLC now owns 79,132 shares of the exchange traded fund’s stock valued at $9,034,000 after buying an additional 38,003 shares during the period. Finally, Bell Bank bought a new stake in shares of abrdn Physical Palladium Shares ETF during the third quarter worth $571,000. Institutional investors own 23.28% of the company’s stock.

abrdn Physical Palladium Shares ETF Stock Performance

Shares of NYSEARCA PALL traded down $2.42 during mid-day trading on Friday, hitting $163.10. 821,302 shares of the stock were exchanged, compared to its average volume of 550,280. abrdn Physical Palladium Shares ETF has a twelve month low of $82.39 and a twelve month high of $175.96. The stock’s fifty day simple moving average is $144.43 and its two-hundred day simple moving average is $124.60.

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.