abrdn Physical Palladium Shares ETF (NYSEARCA:PALL) Sees Unusually-High Trading Volume – Still a Buy?

abrdn Physical Palladium Shares ETF (NYSEARCA:PALL) saw strong trading volume on Monday . 533,074 shares changed hands during mid-day trading, an increase of 80% from the previous session’s volume of 296,464 shares.The stock last traded at $148.2840 and had previously closed at $175.91.

abrdn Physical Palladium Shares ETF Trading Down 16.4%

The business’s 50-day simple moving average is $135.76 and its 200 day simple moving average is $118.24.

Institutional Trading of abrdn Physical Palladium Shares ETF

Several hedge funds and other institutional investors have recently bought and sold shares of PALL. Bank of America Corp DE increased its holdings 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 acquiring an additional 100,097 shares during the period. BNP Paribas Financial Markets boosted its position in abrdn Physical Palladium Shares ETF by 202.0% during the third 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 in the last quarter. Gradient Investments LLC grew its stake 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 purchasing an additional 38,003 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in abrdn Physical Palladium Shares ETF by 23.5% in the third quarter. JPMorgan Chase & Co. now owns 68,035 shares of the exchange traded fund’s stock worth $7,768,000 after purchasing an additional 12,966 shares in the last quarter. Finally, Manatuck Hill Partners LLC bought a new position in abrdn Physical Palladium Shares ETF in the second quarter worth about $6,540,000. 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.