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Statements of Changes in Net Assets (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Statement of Stockholders' Equity [Abstract]        
Opening balance (in shares) 3,187,500 2,000,000 2,100,000 1,800,000
Opening balance $ 283,972 $ 231,262 $ 219,309 $ 295,491
Net investment loss (416) (356) (1,127) (1,158)
Realized (loss) on investment in palladium (16,573) (3,034) (40,317) (11,116)
Change in unrealized gain/(loss) on investment in palladium $ 26,905 $ 9,482 $ 19,027 $ (72,623)
Creations (in shares) 237,500 1,762,500 425,000
Creations $ 20,400 $ 156,865 $ 59,238
Redemptions (in shares) (437,500) (50,000) (875,000) (275,000)
Redemptions $ (41,427) $ (5,931) $ (80,896) $ (38,409)
Closing balance (in Shares) 2,987,500 1,950,000 2,987,500 1,950,000
Closing balance $ 272,861 $ 231,423 $ 272,861 $ 231,423