Short Interest in abrdn Physical Palladium Shares ETF (NYSEARCA:PALL) Increases By 45.0%

abrdn Physical Palladium Shares ETF (NYSEARCA:PALL) was the recipient of a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 920,362 shares, a growth of 45.0% from the December 15th total of 634,827 shares. Based on an average daily trading volume, of 944,074 shares, the short-interest ratio is currently 1.0 days. Approximately 12.5% of the company’s shares are sold short. Approximately 12.5% of the company’s shares are sold short. Based on an average daily trading volume, of 944,074 shares, the short-interest ratio is currently 1.0 days.

Institutional Investors Weigh In On abrdn Physical Palladium Shares ETF

A number of institutional investors have recently modified their holdings of the company. Noble Wealth Management PBC acquired a new stake in shares of abrdn Physical Palladium Shares ETF during the fourth quarter worth $29,000. Spire Wealth Management bought a new stake in abrdn Physical Palladium Shares ETF during the fourth quarter valued at $31,000. Advisory Services Network LLC acquired a new stake in abrdn Physical Palladium Shares ETF during the 3rd quarter worth about $92,000. Binnacle Investments Inc bought a new position in shares of abrdn Physical Palladium Shares ETF in the 3rd quarter worth about $103,000. Finally, US Bancorp DE raised its position in shares of abrdn Physical Palladium Shares ETF by 219.2% in the 3rd quarter. US Bancorp DE now owns 1,564 shares of the exchange traded fund’s stock worth $179,000 after acquiring an additional 1,074 shares in the last quarter. 23.28% of the stock is owned by institutional investors.

abrdn Physical Palladium Shares ETF Stock Down 1.5%

abrdn Physical Palladium Shares ETF stock opened at $163.10 on Friday. The stock’s 50 day moving average is $144.43 and its 200 day moving average is $124.31. abrdn Physical Palladium Shares ETF has a one year low of $82.39 and a one year high of $175.96.

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.