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

abrdn Physical Palladium Shares ETF (NYSEARCA:PALL) was the recipient of a significant drop in short interest in January. As of January 15th, there was short interest totaling 722,690 shares, a drop of 21.5% from the December 31st total of 920,362 shares. Based on an average daily volume of 523,218 shares, the days-to-cover ratio is currently 1.4 days. Approximately 9.6% of the company’s shares are sold short. Approximately 9.6% of the company’s shares are sold short. Based on an average daily volume of 523,218 shares, the days-to-cover ratio is currently 1.4 days.

abrdn Physical Palladium Shares ETF Stock Performance

abrdn Physical Palladium Shares ETF stock traded down $28.61 during midday trading on Friday, reaching $153.86. The stock had a trading volume of 2,210,506 shares, compared to its average volume of 818,231. The company has a fifty day moving average price of $153.60 and a two-hundred day moving average price of $129.31. abrdn Physical Palladium Shares ETF has a 12 month low of $82.39 and a 12 month high of $197.41.

Institutional Investors Weigh In On abrdn Physical Palladium Shares ETF

A number of hedge funds have recently modified their holdings of the stock. Jones Financial Companies Lllp lifted its holdings in abrdn Physical Palladium Shares ETF by 10,367.5% during the 1st quarter. Jones Financial Companies Lllp now owns 8,374 shares of the exchange traded fund’s stock worth $758,000 after purchasing an additional 8,294 shares in the last quarter. HB Wealth Management LLC bought a new stake in shares of abrdn Physical Palladium Shares ETF during the second quarter valued at about $211,000. Fortis Capital Advisors LLC purchased a new stake in shares of abrdn Physical Palladium Shares ETF in the second quarter worth about $2,111,000. Belpointe Asset Management LLC bought a new position in shares of abrdn Physical Palladium Shares ETF in the second quarter valued at approximately $2,111,000. Finally, Mutual Advisors LLC grew its stake in abrdn Physical Palladium Shares ETF by 27.1% during the second quarter. Mutual Advisors LLC now owns 4,529 shares of the exchange traded fund’s stock valued at $506,000 after acquiring an additional 966 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.