SPDR Gold Shares Sees Unusually Large Options Volume (NYSEARCA:GLD)

SPDR Gold Shares (NYSEARCA:GLD) saw unusually large options trading activity on Monday. Stock traders purchased 319,724 call options on the company. This is an increase of approximately 52% compared to the average volume of 210,651 call options.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Proficio Capital Partners LLC boosted its holdings in SPDR Gold Shares by 24,245.2% in the 4th 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 purchasing an additional 60,504,152 shares during the period. International Assets Investment Management LLC boosted its holdings in SPDR Gold Shares by 21,571.1% in the 3rd quarter. International Assets Investment Management LLC now owns 3,024,639 shares of the exchange traded fund’s stock valued at $735,169,000 after purchasing an additional 3,010,682 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of SPDR Gold Shares during the 4th quarter valued at $450,109,000. Wealthfront Advisers LLC raised its position in SPDR Gold Shares by 1,374.2% in the 4th quarter. Wealthfront Advisers LLC now owns 1,121,579 shares of the exchange traded fund’s stock worth $271,568,000 after purchasing an additional 1,045,499 shares during the period. Finally, Strategic Financial Concepts LLC raised its position in SPDR Gold Shares by 24,600.9% in the 4th quarter. Strategic Financial Concepts LLC now owns 608,876 shares of the exchange traded fund’s stock worth $147,427,000 after purchasing an additional 606,411 shares during the period. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Trading Up 1.5 %

Shares of GLD stock traded up $3.99 during trading hours on Monday, hitting $267.89. 8,315,957 shares of the company were exchanged, compared to its average volume of 7,738,174. The firm has a fifty day simple moving average of $248.30 and a 200 day simple moving average of $242.21. SPDR Gold Shares has a 52-week low of $183.78 and a 52-week high of $268.66.

SPDR Gold Shares Company Profile

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).