Traders Buy Large Volume of Call Options on abrdn Physical Palladium Shares ETF (NYSEARCA:PALL)

abrdn Physical Palladium Shares ETF (NYSEARCA:PALL) saw some unusual options trading on Monday. Stock traders bought 2,897 call options on the stock. This is an increase of approximately 172% compared to the typical volume of 1,064 call options.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of PALL. Gradient Investments LLC raised its holdings in shares of abrdn Physical Palladium Shares ETF by 21.1% in the 4th quarter. Gradient Investments LLC now owns 95,808 shares of the exchange traded fund’s stock valued at $13,929,000 after purchasing an additional 16,676 shares during the period. Brookwood Investment Group LLC acquired a new stake in abrdn Physical Palladium Shares ETF in the 4th quarter valued at about $2,836,000. Matauro LLC bought a new position in abrdn Physical Palladium Shares ETF during the fourth quarter worth about $1,392,000. SG Americas Securities LLC grew its holdings in abrdn Physical Palladium Shares ETF by 229.4% during the fourth quarter. SG Americas Securities LLC now owns 45,375 shares of the exchange traded fund’s stock worth $6,597,000 after purchasing an additional 31,598 shares during the period. Finally, JPMorgan Chase & Co. increased its position in abrdn Physical Palladium Shares ETF by 23.5% during the third quarter. JPMorgan Chase & Co. now owns 68,035 shares of the exchange traded fund’s stock worth $7,768,000 after buying an additional 12,966 shares during the last quarter. Institutional investors own 23.28% of the company’s stock.

abrdn Physical Palladium Shares ETF Price Performance

NYSEARCA:PALL opened at $22.73 on Tuesday. abrdn Physical Palladium Shares ETF has a 1-year low of $19.70 and a 1-year high of $39.48. The firm has a fifty day simple moving average of $24.10 and a 200 day simple moving average of $28.10.

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.