abrdn Physical Palladium Shares ETF (NYSEARCA:PALL) Sees Large Volume Increase – Should You Buy?

abrdn Physical Palladium Shares ETF (NYSEARCA:PALL) shares saw unusually-high trading volume on Monday . Approximately 533,074 shares traded hands during trading, an increase of 80% from the previous session’s volume of 296,464 shares.The stock last traded at $148.2840 and had previously closed at $175.91.

abrdn Physical Palladium Shares ETF Stock Down 2.7%

The stock’s fifty day simple moving average is $136.40 and its 200 day simple moving average is $118.99.

Hedge Funds Weigh In On abrdn Physical Palladium Shares ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. National Bank of Canada FI grew its holdings in abrdn Physical Palladium Shares ETF by 1.3% in the 3rd quarter. National Bank of Canada FI now owns 6,815 shares of the exchange traded fund’s stock valued at $777,000 after buying an additional 85 shares in the last quarter. Benjamin Edwards Inc. raised its holdings in shares of abrdn Physical Palladium Shares ETF by 5.1% during the 3rd quarter. Benjamin Edwards Inc. now owns 3,069 shares of the exchange traded fund’s stock worth $350,000 after acquiring an additional 149 shares during the period. Mattson Financial Services LLC acquired a new position in shares of abrdn Physical Palladium Shares ETF during the 1st quarter valued at about $25,000. Linden Thomas Advisory Services LLC boosted its position in shares of abrdn Physical Palladium Shares ETF by 7.6% during the 3rd quarter. Linden Thomas Advisory Services LLC now owns 6,790 shares of the exchange traded fund’s stock valued at $775,000 after acquiring an additional 481 shares during the last quarter. Finally, Compound Planning Inc. grew its holdings in shares of abrdn Physical Palladium Shares ETF by 28.4% in the third quarter. Compound Planning Inc. now owns 2,555 shares of the exchange traded fund’s stock valued at $292,000 after purchasing an additional 565 shares during the period. Hedge funds and other institutional investors own 23.28% of the company’s stock.

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.