abrdn Physical Palladium Shares ETF (NYSEARCA:PALL) Short Interest Update

abrdn Physical Palladium Shares ETF (NYSEARCA:PALL) was the target of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 2,509,727 shares, a growth of 315.9% from the May 14th total of 603,407 shares. Based on an average daily volume of 759,384 shares, the days-to-cover ratio is currently 3.3 days. Currently, 8.3% of the company’s shares are sold short.

abrdn Physical Palladium Shares ETF Trading Up 0.1%

Shares of NYSEARCA:PALL opened at $23.23 on Friday. abrdn Physical Palladium Shares ETF has a 1 year low of $18.80 and a 1 year high of $39.48. The stock has a 50-day simple moving average of $26.15 and a 200-day simple moving average of $28.73.

Institutional Trading of abrdn Physical Palladium Shares ETF

A number of institutional investors have recently modified their holdings of PALL. Main Street Group LTD purchased a new stake in shares of abrdn Physical Palladium Shares ETF during the 1st quarter worth about $27,000. Noble Wealth Management PBC purchased a new stake in shares of abrdn Physical Palladium Shares ETF during the 4th quarter worth about $29,000. PNC Financial Services Group Inc. grew its holdings in shares of abrdn Physical Palladium Shares ETF by 2,437.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 203 shares of the exchange traded fund’s stock worth $30,000 after purchasing an additional 195 shares during the period. Spire Wealth Management purchased a new stake in shares of abrdn Physical Palladium Shares ETF during the 4th quarter worth about $31,000. Finally, Quaker Wealth Management LLC purchased a new stake in shares of abrdn Physical Palladium Shares ETF during the 4th quarter worth about $35,000. 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). The Fund’s sponsor is ETF Securities USA LLC, which is a wholly owned subsidiary of ETF Securities Ltd.