abrdn Physical Palladium Shares ETF Sees Unusually Large Options Volume (NYSEARCA:PALL)

abrdn Physical Palladium Shares ETF (NYSEARCA:PALL) saw some unusual options trading activity on Tuesday. Stock traders acquired 6,347 put options on the company. This represents an increase of approximately 466% compared to the typical daily volume of 1,121 put options.

abrdn Physical Palladium Shares ETF Stock Up 2.1%

Shares of abrdn Physical Palladium Shares ETF stock opened at $23.28 on Wednesday. The company has a fifty day moving average of $23.60 and a 200 day moving average of $27.73. abrdn Physical Palladium Shares ETF has a fifty-two week low of $19.70 and a fifty-two week high of $39.48.

Hedge Funds Weigh In On abrdn Physical Palladium Shares ETF

Hedge funds have recently made changes to their positions in the business. Valeo Financial Advisors LLC grew its position in shares of abrdn Physical Palladium Shares ETF by 400.0% during the second quarter. Valeo Financial Advisors LLC now owns 12,750 shares of the exchange traded fund’s stock worth $282,000 after purchasing an additional 10,200 shares in the last quarter. Gradient Investments LLC lifted its holdings in abrdn Physical Palladium Shares ETF by 378.3% in the 2nd quarter. Gradient Investments LLC now owns 575,505 shares of the exchange traded fund’s stock worth $12,707,000 after purchasing an additional 455,175 shares in the last quarter. Strategic Investment Solutions Inc. IL boosted its stake in abrdn Physical Palladium Shares ETF by 400.0% in the 2nd quarter. Strategic Investment Solutions Inc. IL now owns 1,150 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 920 shares during the period. Noble Wealth Management PBC boosted its stake in abrdn Physical Palladium Shares ETF by 400.0% in the 2nd quarter. Noble Wealth Management PBC now owns 2,010 shares of the exchange traded fund’s stock worth $44,000 after purchasing an additional 1,608 shares during the period. Finally, Optiver Holding B.V. grew its holdings in abrdn Physical Palladium Shares ETF by 764.0% during the 1st quarter. Optiver Holding B.V. now owns 2,955 shares of the exchange traded fund’s stock valued at $398,000 after buying an additional 2,613 shares in the last quarter. 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). The Fund’s sponsor is ETF Securities USA LLC, which is a wholly owned subsidiary of ETF Securities Ltd.