Traders Purchase High Volume of Call Options on SPDR Gold Shares (NYSEARCA:GLD)

SPDR Gold Shares (NYSEARCA:GLD) saw some unusual options trading on Friday. Traders acquired 737,156 call options on the company. This represents an increase of approximately 188% compared to the typical daily volume of 256,141 call options.

SPDR Gold Shares Trading Up 1.9 %

NYSEARCA GLD opened at $297.93 on Friday. The business has a fifty day simple moving average of $274.59 and a 200 day simple moving average of $256.56. SPDR Gold Shares has a 12 month low of $210.71 and a 12 month high of $299.28. The firm has a market capitalization of $89.56 billion, a P/E ratio of -30.67 and a beta of 0.17.

Institutional Trading of SPDR Gold Shares

Several institutional investors and hedge funds have recently made changes to their positions in GLD. Proficio Capital Partners LLC increased its stake 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 buying an additional 60,504,152 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of SPDR Gold Shares in the fourth quarter valued at approximately $450,109,000. Leigh Baldwin & CO. LLC bought a new position in shares of SPDR Gold Shares in the fourth quarter valued at approximately $401,829,000. Wealthfront Advisers LLC increased its position in shares of SPDR Gold Shares by 1,374.2% during 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 during the last quarter. Finally, Strategic Financial Concepts LLC lifted its holdings in SPDR Gold Shares by 24,600.9% during the fourth quarter. Strategic Financial Concepts LLC now owns 608,876 shares of the exchange traded fund’s stock worth $147,427,000 after acquiring an additional 606,411 shares during the period. Hedge funds and other institutional investors own 42.19% of the company’s stock.

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).