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

abrdn Physical Palladium Shares ETF (NYSEARCA:PALL) saw a significant drop in short interest in the month of February. As of February 13th, there was short interest totaling 380,336 shares, a drop of 36.0% from the January 29th total of 594,160 shares. Currently, 4.8% of the shares of the company are short sold. Based on an average daily volume of 499,968 shares, the short-interest ratio is presently 0.8 days. Based on an average daily volume of 499,968 shares, the short-interest ratio is presently 0.8 days. Currently, 4.8% of the shares of the company are short sold.

abrdn Physical Palladium Shares ETF Stock Performance

PALL traded down $0.04 during trading on Friday, hitting $162.39. The stock had a trading volume of 220,368 shares, compared to its average volume of 616,042. The company has a 50 day moving average price of $161.58 and a 200-day moving average price of $135.79. abrdn Physical Palladium Shares ETF has a one year low of $82.39 and a one year high of $197.41.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. National Bank of Canada FI boosted its stake in shares of abrdn Physical Palladium Shares ETF by 1.3% in the third 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 during the period. Perigon Wealth Management LLC lifted its position in shares of abrdn Physical Palladium Shares ETF by 3.0% during the 4th quarter. Perigon Wealth Management LLC now owns 4,071 shares of the exchange traded fund’s stock valued at $592,000 after acquiring an additional 120 shares during the period. Benjamin Edwards Inc. grew 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 purchasing an additional 149 shares in the last quarter. Harbour Investments Inc. increased its position in shares of abrdn Physical Palladium Shares ETF by 238.0% in the fourth quarter. Harbour Investments Inc. now owns 240 shares of the exchange traded fund’s stock worth $35,000 after purchasing an additional 169 shares during the period. Finally, PNC Financial Services Group Inc. raised its stake in abrdn Physical Palladium Shares ETF by 2,437.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 203 shares of the exchange traded fund’s stock valued at $30,000 after purchasing an additional 195 shares in the last quarter. Institutional investors and hedge funds 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.