abrdn Physical Palladium Shares ETF (NYSEARCA:PALL) Shares Gap Down – Here’s What Happened

abrdn Physical Palladium Shares ETF (NYSEARCA:PALL)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $24.63, but opened at $23.84. abrdn Physical Palladium Shares ETF shares last traded at $24.06, with a volume of 237,605 shares.

abrdn Physical Palladium Shares ETF Stock Down 1.4%

The company’s 50 day simple moving average is $23.35 and its 200-day simple moving average is $26.11.

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. Jones Financial Companies Lllp boosted its position in shares of abrdn Physical Palladium Shares ETF by 10,367.5% during the 1st quarter. Jones Financial Companies Lllp now owns 8,374 shares of the exchange traded fund’s stock valued at $758,000 after acquiring an additional 8,294 shares during the last quarter. Jane Street Group LLC raised its stake 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 purchasing an additional 34,574 shares in the last quarter. Bank of America Corp DE raised its stake in abrdn Physical Palladium Shares ETF by 389.6% in the second 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 position in abrdn Physical Palladium Shares ETF by 17.9% during the second quarter. BNP Paribas Financial Markets now owns 38,617 shares of the exchange traded fund’s stock valued at $3,885,000 after purchasing an additional 5,857 shares during the last quarter. Finally, Benjamin Edwards Inc. bought a new stake in abrdn Physical Palladium Shares ETF during the second quarter valued at approximately $294,000. 23.28% of the stock is currently owned by institutional investors.

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.