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

SPDR Gold Shares (NYSEARCA:GLD) was the target of some unusual options trading on Wednesday. Investors purchased 1,083,172 call options on the company. This represents an increase of 74% compared to the average volume of 623,230 call options.

SPDR Gold Shares Stock Up 1.6%

NYSEARCA GLD opened at $385.99 on Thursday. The company has a market cap of $139.69 billion, a PE ratio of -32.43 and a beta of 0.09. SPDR Gold Shares has a 52 week low of $236.13 and a 52 week high of $403.30. The firm’s 50-day simple moving average is $360.34 and its two-hundred day simple moving average is $326.28.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Carmel Capital Management L.L.C. grew its stake in SPDR Gold Shares by 17.3% in the 3rd quarter. Carmel Capital Management L.L.C. now owns 1,120 shares of the exchange traded fund’s stock valued at $398,000 after buying an additional 165 shares in the last quarter. Entrewealth LLC boosted its holdings in shares of SPDR Gold Shares by 280.2% in the third quarter. Entrewealth LLC now owns 3,011 shares of the exchange traded fund’s stock worth $1,070,000 after acquiring an additional 2,219 shares during the period. Barclays PLC grew its position in shares of SPDR Gold Shares by 1.4% in the third quarter. Barclays PLC now owns 1,125,376 shares of the exchange traded fund’s stock valued at $400,037,000 after purchasing an additional 15,932 shares in the last quarter. Consolidated Portfolio Review Corp raised its stake in shares of SPDR Gold Shares by 4.8% during the 3rd quarter. Consolidated Portfolio Review Corp now owns 15,098 shares of the exchange traded fund’s stock valued at $5,370,000 after purchasing an additional 694 shares during the period. Finally, Smith Moore & CO. lifted its holdings in SPDR Gold Shares by 0.6% during the 3rd quarter. Smith Moore & CO. now owns 14,311 shares of the exchange traded fund’s stock worth $5,087,000 after purchasing an additional 91 shares in the last quarter. 42.19% of the stock is owned by institutional investors.

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).