SPDR Gold Shares Target of Unusually High Options Trading (NYSEARCA:GLD)

SPDR Gold Shares (NYSEARCA:GLD) was the recipient of some unusual options trading activity on Tuesday. Stock traders acquired 268,845 put options on the company. This represents an increase of 20% compared to the typical daily volume of 224,235 put options.

Institutional Investors Weigh In On SPDR Gold Shares

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Proficio Capital Partners LLC lifted its position in shares of SPDR Gold Shares by 24,245.2% during the fourth quarter. Proficio Capital Partners LLC now owns 60,753,703 shares of the exchange traded fund’s stock worth $14,710,294,000 after acquiring an additional 60,504,152 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in SPDR Gold Shares during the 4th quarter worth about $450,109,000. Leigh Baldwin & CO. LLC purchased a new stake in SPDR Gold Shares during the 4th quarter worth about $401,829,000. Ameriprise Financial Inc. boosted its stake in SPDR Gold Shares by 10.9% in the 4th quarter. Ameriprise Financial Inc. now owns 1,387,693 shares of the exchange traded fund’s stock worth $335,909,000 after purchasing an additional 136,120 shares during the period. Finally, Wealthfront Advisers LLC grew its holdings in SPDR Gold Shares by 1,374.2% during the 4th quarter. Wealthfront Advisers LLC now owns 1,121,579 shares of the exchange traded fund’s stock valued at $271,568,000 after buying an additional 1,045,499 shares in the last quarter. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares Price Performance

Shares of NYSEARCA GLD opened at $287.57 on Wednesday. The stock has a market capitalization of $86.44 billion, a PE ratio of -30.67 and a beta of 0.17. SPDR Gold Shares has a one year low of $208.36 and a one year high of $289.13. The business’s fifty day moving average price is $269.11 and its 200-day moving average price is $253.75.

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).