abrdn Physical Palladium Shares ETF (NYSEARCA:PALL) Sees Unusually-High Trading Volume – What’s Next?

Shares of abrdn Physical Palladium Shares ETF (NYSEARCA:PALL) saw strong trading volume on Monday . 348,481 shares were traded during mid-day trading, an increase of 27% from the previous session’s volume of 274,898 shares.The stock last traded at $144.2210 and had previously closed at $136.50.

abrdn Physical Palladium Shares ETF Stock Performance

The firm has a 50 day simple moving average of $131.05 and a 200-day simple moving average of $113.77.

Hedge Funds Weigh In On abrdn Physical Palladium Shares ETF

Several institutional investors have recently added to or reduced their stakes in PALL. Cetera Investment Advisers grew its stake in abrdn Physical Palladium Shares ETF by 26.8% during the first quarter. Cetera Investment Advisers now owns 4,198 shares of the exchange traded fund’s stock worth $380,000 after buying an additional 886 shares during the last quarter. National Bank of Canada FI boosted its holdings in shares of abrdn Physical Palladium Shares ETF by 15.1% in the 1st quarter. National Bank of Canada FI now owns 6,293 shares of the exchange traded fund’s stock worth $570,000 after acquiring an additional 825 shares in the last quarter. Napa Wealth Management bought a new stake in abrdn Physical Palladium Shares ETF during the 1st quarter worth approximately $515,000. Jones Financial Companies Lllp increased its holdings in abrdn Physical Palladium Shares ETF by 10,367.5% during the 1st quarter. Jones Financial Companies Lllp now owns 8,374 shares of the exchange traded fund’s stock valued at $758,000 after purchasing an additional 8,294 shares in the last quarter. Finally, Mattson Financial Services LLC acquired a new stake in abrdn Physical Palladium Shares ETF during the 1st quarter valued at $25,000. 23.28% of the stock is owned by institutional investors.

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).