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

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

abrdn Physical Palladium Shares ETF Stock Performance

Shares of abrdn Physical Palladium Shares ETF stock opened at $131.67 on Friday. The stock’s 50 day simple moving average is $117.17 and its 200-day simple moving average is $104.71. abrdn Physical Palladium Shares ETF has a 1-year low of $82.39 and a 1-year high of $148.49.

Hedge Funds Weigh In On abrdn Physical Palladium Shares ETF

A number of institutional investors have recently added to or reduced their stakes in PALL. Mattson Financial Services LLC acquired a new stake in shares of abrdn Physical Palladium Shares ETF in the 1st quarter worth $25,000. Farther Finance Advisors LLC purchased a new stake in shares of abrdn Physical Palladium Shares ETF in the third quarter valued at about $205,000. HB Wealth Management LLC purchased a new stake in shares of abrdn Physical Palladium Shares ETF in the second quarter valued at about $211,000. Geneos Wealth Management Inc. grew its holdings in shares of abrdn Physical Palladium Shares ETF by 1,429.9% in the third quarter. Geneos Wealth Management Inc. now owns 2,555 shares of the exchange traded fund’s stock valued at $292,000 after purchasing an additional 2,388 shares during the period. Finally, Benjamin Edwards Inc. purchased a new stake in shares of abrdn Physical Palladium Shares ETF in the second quarter valued at about $294,000. Hedge funds and other 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).