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

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

abrdn Physical Palladium Shares ETF Stock Down 1.3%

Shares of NYSEARCA:PALL traded down $0.31 during midday trading on Monday, reaching $22.76. 371,080 shares of the company’s stock were exchanged, compared to its average volume of 1,659,218. The firm’s 50 day simple moving average is $24.17 and its two-hundred day simple moving average is $28.14. abrdn Physical Palladium Shares ETF has a fifty-two week low of $19.70 and a fifty-two week high of $39.48.

Institutional Investors Weigh In On abrdn Physical Palladium Shares ETF

A number of institutional investors have recently made changes to their positions in the stock. Valeo Financial Advisors LLC raised its stake in shares of abrdn Physical Palladium Shares ETF by 400.0% in the 2nd quarter. Valeo Financial Advisors LLC now owns 12,750 shares of the exchange traded fund’s stock valued at $282,000 after acquiring an additional 10,200 shares during the period. Gradient Investments LLC boosted its position in shares of abrdn Physical Palladium Shares ETF by 378.3% during the 2nd quarter. Gradient Investments LLC now owns 575,505 shares of the exchange traded fund’s stock worth $12,707,000 after purchasing an additional 455,175 shares during the period. Strategic Investment Solutions Inc. IL boosted its position in shares of abrdn Physical Palladium Shares ETF by 400.0% during the 2nd quarter. Strategic Investment Solutions Inc. IL now owns 1,150 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 920 shares during the period. Noble Wealth Management PBC increased its holdings in abrdn Physical Palladium Shares ETF by 400.0% in the 2nd quarter. Noble Wealth Management PBC now owns 2,010 shares of the exchange traded fund’s stock valued at $44,000 after purchasing an additional 1,608 shares during the last quarter. Finally, Optiver Holding B.V. increased its holdings in abrdn Physical Palladium Shares ETF by 764.0% in the 1st quarter. Optiver Holding B.V. now owns 2,955 shares of the exchange traded fund’s stock valued at $398,000 after purchasing an additional 2,613 shares during the last quarter. 23.28% of the stock is currently owned by institutional investors and hedge funds.

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.