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

abrdn Physical Palladium Shares ETF (NYSEARCA:PALL) was the target of a large increase in short interest during the month of 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. Currently, 12.5% of the shares of the stock are sold short. Based on an average daily volume of 944,074 shares, the short-interest ratio is presently 1.0 days. Based on an average daily volume of 944,074 shares, the short-interest ratio is presently 1.0 days. Currently, 12.5% of the shares of the stock are sold short.

Hedge Funds Weigh In On abrdn Physical Palladium Shares ETF

Several large investors have recently bought and sold shares of the company. Jones Financial Companies Lllp increased its stake in shares of abrdn Physical Palladium Shares ETF by 10,367.5% in the first quarter. Jones Financial Companies Lllp now owns 8,374 shares of the exchange traded fund’s stock valued at $758,000 after buying an additional 8,294 shares during the period. Alhambra Investment Management LLC bought a new position in shares of abrdn Physical Palladium Shares ETF during the second quarter valued at $1,593,000. HB Wealth Management LLC acquired a new position in shares of abrdn Physical Palladium Shares ETF during the second quarter worth $211,000. Fortis Capital Advisors LLC bought a new stake in shares of abrdn Physical Palladium Shares ETF in the second quarter worth $2,111,000. Finally, Belpointe Asset Management LLC acquired a new stake in abrdn Physical Palladium Shares ETF in the second quarter valued at $2,111,000. 23.28% of the stock is currently owned by institutional investors.

abrdn Physical Palladium Shares ETF Stock Down 1.5%

NYSEARCA PALL opened at $163.10 on Friday. The firm’s fifty day moving average price is $144.43 and its two-hundred day moving average price is $124.31. abrdn Physical Palladium Shares ETF has a fifty-two week low of $82.39 and a fifty-two week high of $175.96.

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.