Investors Buy High Volume of SPDR Gold Shares Call Options (NYSEARCA:GLD)

SPDR Gold Shares (NYSEARCA:GLD) was the target of unusually large options trading on Friday. Stock traders bought 251,503 call options on the stock. This represents an increase of 17% compared to the average daily volume of 214,634 call options.

Institutional Trading of SPDR Gold Shares

Several hedge funds have recently modified their holdings of GLD. Proficio Capital Partners LLC raised its stake in shares of SPDR Gold Shares by 24,245.2% in the fourth quarter. Proficio Capital Partners LLC now owns 60,753,703 shares of the exchange traded fund’s stock valued at $14,710,294,000 after acquiring an additional 60,504,152 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of SPDR Gold Shares in the fourth quarter valued at $450,109,000. Leigh Baldwin & CO. LLC acquired a new stake in shares of SPDR Gold Shares in the fourth quarter valued at $401,829,000. Wealthfront Advisers LLC raised its stake in shares of SPDR Gold Shares by 1,374.2% in the fourth quarter. Wealthfront Advisers LLC now owns 1,121,579 shares of the exchange traded fund’s stock valued at $271,568,000 after acquiring an additional 1,045,499 shares in the last quarter. Finally, Strategic Financial Concepts LLC raised its stake in shares of SPDR Gold Shares by 24,600.9% in the fourth quarter. Strategic Financial Concepts LLC now owns 608,876 shares of the exchange traded fund’s stock valued at $147,427,000 after acquiring an additional 606,411 shares in the last quarter. 42.19% of the stock is currently owned by institutional investors and hedge funds.

SPDR Gold Shares Stock Up 0.1 %

GLD opened at $268.39 on Friday. The firm has a market cap of $80.68 billion, a P/E ratio of -28.59 and a beta of 0.20. SPDR Gold Shares has a 52 week low of $198.94 and a 52 week high of $272.32. The business has a fifty day simple moving average of $258.24 and a 200-day simple moving average of $248.05.

About SPDR Gold Shares

SPDR Gold Trust (the Trust) is an investment trust. The investment objective of the Trust is for the Shares to reflect the performance of the price of gold bullion, less the Trust’s expenses. The Trust’s business activity is the investment of gold. The Trust creates and redeems Shares from time to time, but in one or more Baskets (a Basket equals a block of 100,000 Shares).