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

abrdn Physical Palladium Shares ETF (NYSEARCA:PALL) saw unusually large options trading on Wednesday. Investors purchased 3,911 call options on the company. This represents an increase of approximately 120% compared to the average volume of 1,781 call options.

abrdn Physical Palladium Shares ETF Trading Down 7.6%

NYSEARCA:PALL traded down $12.82 during mid-day trading on Wednesday, hitting $156.38. The stock had a trading volume of 1,354,691 shares, compared to its average volume of 291,627. abrdn Physical Palladium Shares ETF has a twelve month low of $82.39 and a twelve month high of $170.72. The company’s 50 day simple moving average is $134.41 and its 200 day simple moving average is $116.86.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in PALL. Jones Financial Companies Lllp raised its stake in abrdn Physical Palladium Shares ETF by 10,367.5% in 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 period. Mattson Financial Services LLC acquired a new stake in shares of abrdn Physical Palladium Shares ETF during the 1st quarter worth about $25,000. Gradient Investments LLC boosted its holdings in shares of abrdn Physical Palladium Shares ETF by 9.9% during the 2nd quarter. Gradient Investments LLC now owns 41,129 shares of the exchange traded fund’s stock worth $4,138,000 after buying an additional 3,719 shares during the period. Alhambra Investment Management LLC acquired a new position in abrdn Physical Palladium Shares ETF in the 2nd quarter valued at about $1,593,000. Finally, HB Wealth Management LLC bought a new position in abrdn Physical Palladium Shares ETF in the 2nd quarter valued at about $211,000. 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.