Investors Purchase Large Volume of abrdn Physical Gold Shares ETF Call Options (NYSEARCA:SGOL)

abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) was the target of some unusual options trading activity on Wednesday. Stock traders bought 4,265 call options on the stock. This represents an increase of approximately 1,140% compared to the typical volume of 344 call options.

abrdn Physical Gold Shares ETF Stock Performance

abrdn Physical Gold Shares ETF stock opened at $27.32 on Thursday. abrdn Physical Gold Shares ETF has a 12-month low of $18.97 and a 12-month high of $27.51. The firm has a 50-day moving average price of $25.60 and a 200-day moving average price of $24.97.

Institutional Trading of abrdn Physical Gold Shares ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Proficio Capital Partners LLC increased its holdings in abrdn Physical Gold Shares ETF by 2,405.0% during the 4th quarter. Proficio Capital Partners LLC now owns 3,016,596 shares of the company’s stock worth $75,566,000 after purchasing an additional 2,896,173 shares during the period. Quadrature Capital Ltd bought a new position in shares of abrdn Physical Gold Shares ETF during the 3rd quarter worth $35,703,000. Metis Global Partners LLC increased its stake in shares of abrdn Physical Gold Shares ETF by 34.6% during the third quarter. Metis Global Partners LLC now owns 4,657,799 shares of the company’s stock valued at $117,050,000 after buying an additional 1,197,086 shares during the period. Pure Portfolios Holdings LLC bought a new stake in shares of abrdn Physical Gold Shares ETF in the third quarter valued at about $25,415,000. Finally, Bank of Montreal Can purchased a new stake in abrdn Physical Gold Shares ETF in the third quarter worth about $20,710,000.

About abrdn Physical Gold Shares ETF

The abrdn Physical Gold Shares ETF (SGOL) is an exchange-traded fund that is based on the LBMA Gold Price index. The fund seeks to track the spot price for gold, less trust expenses holding costs, holding physical gold bars. SGOL was launched on Sep 9, 2009 and is managed by Abrdn.