abrdn Physical Palladium Shares ETF (NYSEARCA:PALL) Sees Significant Decrease in Short Interest

abrdn Physical Palladium Shares ETF (NYSEARCA:PALL) was the recipient of a large drop in short interest in January. As of January 30th, there was short interest totaling 594,160 shares, a drop of 17.8% from the January 15th total of 722,690 shares. Approximately 7.6% of the shares of the stock are short sold. Based on an average daily volume of 1,113,704 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily volume of 1,113,704 shares, the days-to-cover ratio is currently 0.5 days. Approximately 7.6% of the shares of the stock are short sold.

Institutional Investors Weigh In On abrdn Physical Palladium Shares ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Noble Wealth Management PBC acquired a new stake in abrdn Physical Palladium Shares ETF in the 4th quarter valued at about $29,000. PNC Financial Services Group Inc. raised its holdings in shares of abrdn Physical Palladium Shares ETF by 2,437.5% in 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 in the last quarter. Spire Wealth Management acquired a new stake in abrdn Physical Palladium Shares ETF during the fourth quarter valued at approximately $31,000. Quaker Wealth Management LLC acquired a new stake in abrdn Physical Palladium Shares ETF during the fourth quarter valued at approximately $35,000. Finally, Harbour Investments Inc. boosted its holdings in abrdn Physical Palladium Shares ETF by 238.0% during the fourth quarter. Harbour Investments Inc. now owns 240 shares of the exchange traded fund’s stock worth $35,000 after buying an additional 169 shares in the last quarter. 23.28% of the stock is currently owned by institutional investors.

abrdn Physical Palladium Shares ETF Stock Up 1.6%

Shares of PALL stock traded up $2.52 during mid-day trading on Wednesday, hitting $156.05. 156,050 shares of the stock traded hands, compared to its average volume of 683,384. abrdn Physical Palladium Shares ETF has a twelve month low of $82.39 and a twelve month high of $197.41. The company’s 50-day simple moving average is $159.13 and its 200-day simple moving average is $132.93.

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.