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

SPDR Gold Shares (NYSEARCA:GLD) was the target of unusually large options trading on Monday. Traders bought 319,724 call options on the company. This represents an increase of 52% compared to the typical volume of 210,651 call options.

Institutional Trading of SPDR Gold Shares

Several hedge funds have recently added to or reduced their stakes in GLD. Ashton Thomas Securities LLC acquired a new position in shares of SPDR Gold Shares in the 3rd quarter valued at about $28,000. Roxbury Financial LLC purchased a new stake in shares of SPDR Gold Shares during the fourth quarter worth $31,000. PayPay Securities Corp boosted its position in SPDR Gold Shares by 55.3% during the fourth quarter. PayPay Securities Corp now owns 132 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 47 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in SPDR Gold Shares in the third quarter valued at about $35,000. Finally, Pittenger & Anderson Inc. acquired a new position in SPDR Gold Shares in the 3rd quarter worth about $38,000. Institutional investors own 42.19% of the company’s stock.

SPDR Gold Shares Trading Up 1.7 %

GLD stock opened at $268.37 on Tuesday. SPDR Gold Shares has a 1-year low of $183.78 and a 1-year high of $268.66. The firm has a fifty day moving average price of $248.30 and a two-hundred day moving average price of $242.21.

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).