Short Interest in abrdn Physical Palladium Shares ETF (NYSEARCA:PALL) Declines By 21.5%

abrdn Physical Palladium Shares ETF (NYSEARCA:PALL) was the recipient of a large drop in short interest in the month of January. As of January 15th, there was short interest totaling 722,690 shares, a drop of 21.5% from the December 31st total of 920,362 shares. Based on an average daily volume of 523,218 shares, the short-interest ratio is presently 1.4 days. Approximately 9.6% of the shares of the stock are short sold. Approximately 9.6% of the shares of the stock are short sold. Based on an average daily volume of 523,218 shares, the short-interest ratio is presently 1.4 days.

abrdn Physical Palladium Shares ETF Stock Down 15.7%

Shares of PALL stock traded down $28.61 during trading on Friday, hitting $153.86. The company had a trading volume of 2,210,506 shares, compared to its average volume of 818,231. The stock’s 50-day moving average is $153.60 and its two-hundred day moving average is $129.31. abrdn Physical Palladium Shares ETF has a 52 week low of $82.39 and a 52 week high of $197.41.

Institutional Trading of abrdn Physical Palladium Shares ETF

Hedge funds have recently made changes to their positions in the stock. Verity Asset Management Inc. purchased a new position in abrdn Physical Palladium Shares ETF in the 4th quarter worth $232,000. Pekin Hardy Strauss Inc. boosted its position in abrdn Physical Palladium Shares ETF by 96.3% during the fourth quarter. Pekin Hardy Strauss Inc. now owns 6,125 shares of the exchange traded fund’s stock valued at $890,000 after buying an additional 3,005 shares during the period. UBS Group AG grew its stake in shares of abrdn Physical Palladium Shares ETF by 31.6% during the fourth quarter. UBS Group AG now owns 45,553 shares of the exchange traded fund’s stock valued at $6,622,000 after buying an additional 10,942 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of abrdn Physical Palladium Shares ETF by 16.6% in the fourth quarter. Geneos Wealth Management Inc. now owns 2,980 shares of the exchange traded fund’s stock worth $433,000 after buying an additional 425 shares during the period. Finally, Quaker Wealth Management LLC purchased a new position in shares of abrdn Physical Palladium Shares ETF in the fourth quarter worth about $35,000. 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). The Fund’s sponsor is ETF Securities USA LLC, which is a wholly owned subsidiary of ETF Securities Ltd.