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

SPDR Gold Shares (NYSEARCA:GLD) was the recipient of unusually large options trading activity on Thursday. Investors purchased 459,291 call options on the company. This represents an increase of approximately 39% compared to the average volume of 330,934 call options.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA GLD opened at $297.46 on Friday. SPDR Gold Shares has a 1 year low of $210.71 and a 1 year high of $317.63. The firm’s 50 day moving average price is $284.98 and its 200 day moving average price is $262.35. The firm has a market cap of $89.42 billion, a P/E ratio of -32.58 and a beta of 0.17.

Hedge Funds Weigh In On SPDR Gold Shares

Hedge funds have recently made changes to their positions in the stock. Proficio Capital Partners LLC lifted its holdings in shares of SPDR Gold Shares by 24,245.2% during 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 acquiring an additional 60,504,152 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of SPDR Gold Shares during the 4th quarter valued at $450,109,000. Leigh Baldwin & CO. LLC acquired a new position in shares of SPDR Gold Shares during the 4th quarter valued at $401,829,000. Wealthfront Advisers LLC lifted its holdings in shares of 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 acquiring an additional 1,045,499 shares in the last quarter. Finally, DAVENPORT & Co LLC lifted its holdings in shares of SPDR Gold Shares by 105.3% during the 1st quarter. DAVENPORT & Co LLC now owns 45,496 shares of the exchange traded fund’s stock valued at $13,109,000 after acquiring an additional 896,836 shares in the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

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).