abrdn Physical Palladium Shares ETF Target of Unusually Large Options Trading (NYSEARCA:PALL)

abrdn Physical Palladium Shares ETF (NYSEARCA:PALL) was the target of some unusual options trading on Tuesday. Stock traders acquired 6,347 put options on the stock. This is an increase of 466% compared to the average volume of 1,121 put options.

abrdn Physical Palladium Shares ETF Trading Up 1.0%

Shares of NYSEARCA:PALL opened at $23.52 on Thursday. abrdn Physical Palladium Shares ETF has a 1 year low of $19.70 and a 1 year high of $39.48. The stock has a 50-day simple moving average of $23.52 and a 200-day simple moving average of $27.69.

Institutional Investors Weigh In On abrdn Physical Palladium Shares ETF

Several institutional investors have recently bought and sold shares of the business. Strategic Investment Solutions Inc. IL raised its stake in shares of abrdn Physical Palladium Shares ETF by 400.0% in the 2nd quarter. Strategic Investment Solutions Inc. IL now owns 1,150 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 920 shares during the period. Main Street Group LTD purchased a new position in abrdn Physical Palladium Shares ETF in the first quarter valued at about $27,000. PNC Financial Services Group Inc. raised its position in abrdn Physical Palladium Shares ETF by 2,437.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 203 shares of the exchange traded fund’s stock valued at $30,000 after purchasing an additional 195 shares during the period. Spire Wealth Management acquired a new position in shares of abrdn Physical Palladium Shares ETF during the fourth quarter worth about $31,000. Finally, Quaker Wealth Management LLC purchased a new stake in shares of abrdn Physical Palladium Shares ETF in the fourth quarter worth about $35,000. 23.28% of the stock is currently owned by hedge funds and other institutional investors.

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.