Short Interest in abrdn Physical Palladium Shares ETF (NYSEARCA:PALL) Expands By 94.9%

abrdn Physical Palladium Shares ETF (NYSEARCA:PALL) was the target of a significant growth in short interest in March. As of March 31st, there was short interest totaling 763,864 shares, a growth of 94.9% from the March 15th total of 391,827 shares. Based on an average trading volume of 339,835 shares, the short-interest ratio is currently 2.2 days. Currently, 12.7% of the company’s stock are short sold.

abrdn Physical Palladium Shares ETF Stock Performance

PALL opened at $138.93 on Monday. abrdn Physical Palladium Shares ETF has a 52-week low of $83.71 and a 52-week high of $197.41. The business’s 50-day simple moving average is $146.41 and its 200 day simple moving average is $143.44.

Institutional Trading of abrdn Physical Palladium Shares ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Noble Wealth Management PBC bought a new stake in abrdn Physical Palladium Shares ETF in the fourth quarter valued at approximately $29,000. 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 buying an additional 195 shares during the period. Spire Wealth Management bought a new stake in abrdn Physical Palladium Shares ETF in the fourth quarter valued at approximately $31,000. Quaker Wealth Management LLC bought a new stake in abrdn Physical Palladium Shares ETF in the fourth quarter valued at approximately $35,000. Finally, Harbour Investments Inc. raised its stake in 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 valued at $35,000 after buying an additional 169 shares during the period. 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.