abrdn Physical Palladium Shares ETF (NYSEARCA:PALL) Short Interest Update

abrdn Physical Palladium Shares ETF (NYSEARCA:PALL) was the target of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 2,509,727 shares, an increase of 315.9% from the May 14th total of 603,407 shares. Based on an average daily volume of 759,384 shares, the short-interest ratio is presently 3.3 days. Currently, 8.3% of the company’s shares are short sold.

abrdn Physical Palladium Shares ETF Trading Up 0.1%

PALL stock opened at $23.23 on Friday. The business’s fifty day simple moving average is $26.15 and its two-hundred day simple moving average is $28.73. abrdn Physical Palladium Shares ETF has a twelve month low of $18.80 and a twelve month high of $39.48.

Hedge Funds Weigh In On abrdn Physical Palladium Shares ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Brookwood Investment Group LLC bought a new position in shares of abrdn Physical Palladium Shares ETF during the 4th quarter worth $2,836,000. Gradient Investments LLC grew its position in shares of abrdn Physical Palladium Shares ETF by 21.1% during the 4th quarter. Gradient Investments LLC now owns 95,808 shares of the exchange traded fund’s stock worth $13,929,000 after buying an additional 16,676 shares in the last quarter. Matauro LLC bought a new position in shares of abrdn Physical Palladium Shares ETF during the 4th quarter worth $1,392,000. Fortis Group Advisors LLC bought a new position in shares of abrdn Physical Palladium Shares ETF during the 3rd quarter worth $3,047,000. Finally, SG Americas Securities LLC grew its position in shares of abrdn Physical Palladium Shares ETF by 229.4% during the 4th quarter. SG Americas Securities LLC now owns 45,375 shares of the exchange traded fund’s stock worth $6,597,000 after buying an additional 31,598 shares in the last quarter. 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.