abrdn Physical Palladium Shares ETF Target of Unusually Large Options Trading (NYSEARCA:PALL)

abrdn Physical Palladium Shares ETF (NYSEARCA:PALL) was the recipient of unusually large options trading activity on Monday. Stock traders acquired 2,897 call options on the stock. This represents an increase of approximately 172% compared to the typical volume of 1,064 call options.

Hedge Funds Weigh In On abrdn Physical Palladium Shares ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Strategic Investment Solutions Inc. IL increased its position in shares of abrdn Physical Palladium Shares ETF by 400.0% during the second quarter. Strategic Investment Solutions Inc. IL now owns 1,150 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 920 shares in the last quarter. Main Street Group LTD purchased a new position in abrdn Physical Palladium Shares ETF in the 1st quarter valued at $27,000. Noble Wealth Management PBC purchased a new position in abrdn Physical Palladium Shares ETF in the 4th quarter valued at $29,000. PNC Financial Services Group Inc. boosted its stake in abrdn Physical Palladium Shares ETF by 2,437.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 203 shares of the exchange traded fund’s stock worth $30,000 after purchasing an additional 195 shares during the last quarter. Finally, Spire Wealth Management acquired a new stake in abrdn Physical Palladium Shares ETF during the 4th quarter worth $31,000. Hedge funds and other institutional investors own 23.28% of the company’s stock.

abrdn Physical Palladium Shares ETF Trading Down 1.3%

abrdn Physical Palladium Shares ETF stock traded down $0.31 during midday trading on Monday, reaching $22.76. The company had a trading volume of 371,080 shares, compared to its average volume of 1,659,218. abrdn Physical Palladium Shares ETF has a 12-month low of $19.70 and a 12-month high of $39.48. The firm’s fifty day simple moving average is $24.17 and its 200-day simple moving average is $28.14.

abrdn Physical Palladium Shares ETF Company Profile

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.