abrdn Physical Palladium Shares ETF (NYSEARCA:PALL) Shares Gap Up – What’s Next?

abrdn Physical Palladium Shares ETF (NYSEARCA:PALL)’s share price gapped up before the market opened on Friday . The stock had previously closed at $24.58, but opened at $26.19. abrdn Physical Palladium Shares ETF shares last traded at $26.32, with a volume of 475,670 shares traded.

abrdn Physical Palladium Shares ETF Stock Up 6.5%

The firm has a 50 day simple moving average of $23.38 and a two-hundred day simple moving average of $26.06.

Hedge Funds Weigh In On abrdn Physical Palladium Shares ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of PALL. Jones Financial Companies Lllp grew its position in abrdn Physical Palladium Shares ETF by 10,367.5% in the 1st 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 last quarter. Jane Street Group LLC raised its position in abrdn Physical Palladium Shares ETF by 1,424.0% during the 2nd quarter. Jane Street Group LLC now owns 37,002 shares of the exchange traded fund’s stock worth $3,723,000 after buying an additional 34,574 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of abrdn Physical Palladium Shares ETF by 389.6% in the 2nd quarter. Bank of America Corp DE now owns 125,787 shares of the exchange traded fund’s stock worth $12,655,000 after acquiring an additional 100,097 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of abrdn Physical Palladium Shares ETF by 17.9% in the 2nd quarter. BNP Paribas Financial Markets now owns 38,617 shares of the exchange traded fund’s stock worth $3,885,000 after acquiring an additional 5,857 shares during the period. Finally, Benjamin Edwards Inc. purchased a new stake in shares of abrdn Physical Palladium Shares ETF in the second quarter valued at about $294,000. 23.28% of the stock is currently owned by hedge funds and other institutional investors.

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.