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Statements of Changes in Net Assets (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Statement of Stockholders' Equity [Abstract]    
Opening balance (in shares) 1,800,000 1,950,000
Opening balance $ 295,491 $ 357,971
Net investment loss (419) (594)
Realized (loss) / gain on investment in palladium (6,606) 4,370
Change in unrealized (loss) / gain on investment in palladium (41,035) 21,908
Change in unrealized gain on unsettled creations or redemptions $ 1,061
Creations (in shares) 375,000 425,000
Creations $ 52,731 $ 112,112
Redemptions (in shares) (175,000) (225,000)
Redemptions $ (24,964) $ (45,599)
Closing balance (in shares) 2,000,000 2,150,000
Closing balance $ 275,198 $ 451,229