abrdn Physical Palladium Shares ETF (NYSEARCA:PALL) Sees Strong Trading Volume – Here’s Why

abrdn Physical Palladium Shares ETF (NYSEARCA:PALL) shares saw an uptick in trading volume on Monday . 642,199 shares changed hands during mid-day trading, an increase of 8% from the previous session’s volume of 595,697 shares.The stock last traded at $194.8650 and had previously closed at $184.74.

abrdn Physical Palladium Shares ETF Trading Down 0.5%

The business has a fifty day moving average price of $148.59 and a 200 day moving average price of $127.07.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in PALL. Bank of America Corp DE boosted its stake in shares of abrdn Physical Palladium Shares ETF by 389.6% in the 2nd quarter. Bank of America Corp DE now owns 125,787 shares of the exchange traded fund’s stock valued at $12,655,000 after purchasing an additional 100,097 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in abrdn Physical Palladium Shares ETF by 202.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 116,622 shares of the exchange traded fund’s stock valued at $13,315,000 after purchasing an additional 78,005 shares during the last quarter. Manatuck Hill Partners LLC bought a new position in abrdn Physical Palladium Shares ETF in the 2nd quarter valued at approximately $6,540,000. Gradient Investments LLC boosted its position in abrdn Physical Palladium Shares ETF by 92.4% in the third quarter. Gradient Investments LLC now owns 79,132 shares of the exchange traded fund’s stock valued at $9,034,000 after buying an additional 38,003 shares in the last quarter. Finally, Jane Street Group LLC boosted its position in abrdn Physical Palladium Shares ETF by 1,424.0% in the second quarter. Jane Street Group LLC now owns 37,002 shares of the exchange traded fund’s stock valued at $3,723,000 after buying an additional 34,574 shares in the last quarter. Institutional investors own 23.28% of the company’s stock.

abrdn Physical Palladium Shares ETF Company Profile

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.