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

abrdn Physical Palladium Shares ETF (NYSEARCA:PALL) was the target of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 1,170,000 shares, a growth of 59.6% from the September 30th total of 733,200 shares. Approximately 18.9% of the shares of the company are sold short. Based on an average trading volume of 441,300 shares, the short-interest ratio is presently 2.7 days. Based on an average trading volume of 441,300 shares, the short-interest ratio is presently 2.7 days. Approximately 18.9% of the shares of the company are sold short.

abrdn Physical Palladium Shares ETF Trading Down 0.5%

Shares of NYSEARCA:PALL opened at $130.99 on Tuesday. The firm’s 50 day moving average price is $117.79 and its 200-day moving average price is $105.13. abrdn Physical Palladium Shares ETF has a twelve month low of $82.39 and a twelve month high of $148.49.

Hedge Funds Weigh In On abrdn Physical Palladium Shares ETF

Several institutional investors have recently made changes to their positions in PALL. Bank of America Corp DE grew its holdings in abrdn Physical Palladium Shares ETF by 389.6% during the 2nd quarter. Bank of America Corp DE now owns 125,787 shares of the exchange traded fund’s stock valued at $12,655,000 after buying an additional 100,097 shares in the last quarter. Manatuck Hill Partners LLC purchased a new stake in abrdn Physical Palladium Shares ETF during the 2nd quarter valued at approximately $6,540,000. Gradient Investments LLC grew its holdings in abrdn Physical Palladium Shares ETF by 92.4% during the 3rd quarter. Gradient Investments LLC now owns 79,132 shares of the exchange traded fund’s stock valued at $9,034,000 after buying an additional 38,003 shares in the last quarter. Jane Street Group LLC grew its holdings 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 valued at $3,723,000 after buying an additional 34,574 shares in the last quarter. Finally, Belpointe Asset Management LLC purchased a new stake in abrdn Physical Palladium Shares ETF during the 2nd quarter valued at approximately $2,111,000. Institutional investors own 23.28% of the company’s stock.

About abrdn Physical Palladium Shares ETF

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).