abrdn Physical Palladium Shares ETF (NYSEARCA:PALL – Get Free Report) was the recipient of a large increase in short interest in May. As of May 29th, there was short interest totaling 2,509,727 shares, an increase of 315.9% from the May 14th total of 603,407 shares. Currently, 8.3% of the shares of the stock are sold short. Based on an average daily volume of 759,384 shares, the days-to-cover ratio is presently 3.3 days.
abrdn Physical Palladium Shares ETF Trading Up 0.1%
abrdn Physical Palladium Shares ETF stock opened at $23.23 on Friday. The stock has a 50-day moving average price of $26.15 and a 200 day moving average price of $28.73. abrdn Physical Palladium Shares ETF has a 52 week low of $18.80 and a 52 week high of $39.48.
Institutional Trading of abrdn Physical Palladium Shares ETF
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Brookwood Investment Group LLC purchased a new stake in abrdn Physical Palladium Shares ETF during the 4th quarter worth about $2,836,000. Gradient Investments LLC grew its holdings in abrdn Physical Palladium Shares ETF by 21.1% in the 4th quarter. Gradient Investments LLC now owns 95,808 shares of the exchange traded fund’s stock valued at $13,929,000 after buying an additional 16,676 shares during the period. Matauro LLC purchased a new stake in abrdn Physical Palladium Shares ETF in the 4th quarter valued at about $1,392,000. Fortis Group Advisors LLC purchased a new stake in abrdn Physical Palladium Shares ETF in the 3rd quarter valued at about $3,047,000. Finally, SG Americas Securities LLC grew its holdings in abrdn Physical Palladium Shares ETF by 229.4% in the 4th quarter. SG Americas Securities LLC now owns 45,375 shares of the exchange traded fund’s stock valued at $6,597,000 after buying an additional 31,598 shares during the period. Hedge funds and other institutional investors own 23.28% of the company’s stock.
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.
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