Investors Purchase High Volume of abrdn Physical Palladium Shares ETF Put Options (NYSEARCA:PALL)

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

Hedge Funds Weigh In On abrdn Physical Palladium Shares ETF

A number of hedge funds have recently modified their holdings of the business. Strategic Investment Solutions Inc. IL increased its holdings in abrdn Physical Palladium Shares ETF by 400.0% in the second quarter. Strategic Investment Solutions Inc. IL now owns 1,150 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 920 shares during the period. Main Street Group LTD acquired a new position in abrdn Physical Palladium Shares ETF during the 1st quarter worth about $27,000. PNC Financial Services Group Inc. lifted its holdings in 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 buying an additional 195 shares during the period. Spire Wealth Management bought a new stake in shares of abrdn Physical Palladium Shares ETF in the 4th quarter valued at about $31,000. Finally, Quaker Wealth Management LLC bought a new stake in shares of abrdn Physical Palladium Shares ETF in the 4th quarter valued at about $35,000. Institutional investors and hedge funds own 23.28% of the company’s stock.

abrdn Physical Palladium Shares ETF Stock Up 1.8%

NYSEARCA:PALL traded up $0.42 during mid-day trading on Tuesday, hitting $23.22. 190,891 shares of the company’s stock were exchanged, compared to its average volume of 1,616,897. abrdn Physical Palladium Shares ETF has a fifty-two week low of $19.70 and a fifty-two week high of $39.48. The company has a 50 day simple moving average of $23.68 and a 200-day simple moving average of $27.76.

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.