SPDR Gold MiniShares Trust (NYSEARCA:GLDM) Short Interest Up 80.3% in August

SPDR Gold MiniShares Trust (NYSEARCA:GLDM) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 6,243,340 shares, an increase of 80.3% from the August 15th total of 3,462,645 shares. Based on an average daily volume of 5,989,531 shares, the days-to-cover ratio is currently 1.0 days. Currently, 1.8% of the company’s stock are short sold.

SPDR Gold MiniShares Trust News Summary

Here are the key news stories impacting SPDR Gold MiniShares Trust this week:

• Positive Sentiment: Gold extended its rebound as a softer U.S. dollar, lower oil prices and easing Treasury yields reduced pressure on non-yielding precious metals. These conditions directly support GLDM’s underlying gold holdings. Gold price rebounds above $4,340 as lower oil eases rate pressure
• Positive Sentiment: Weak U.S. housing indicators and broader concerns about economic resilience are supporting safe-haven demand. Gold also held near session highs despite stronger-than-expected jobless-claims and manufacturing data, indicating continued investor interest. Gold price near high after housing starts and permits fall
• Positive Sentiment: Technical analysts identify a potential bullish setup, with a breakout above roughly $4,381 potentially opening a path toward higher targets. GLDM could benefit if gold sustains momentum above key moving-average resistance. Gold Forecast: $4,381 Breakout Could Open Path to $4,973
• Neutral Sentiment: North American gold ETF purchases surged sharply, signaling strong investment demand, but a simultaneous rise in real yields could challenge the sustainability of the trade and increase volatility for GLDM. North American Gold ETF Buying Jumped From $71 Million to $7.7 Billion in One Month
• Negative Sentiment: The Fed raised rates and signaled that additional tightening may be warranted in 2026. Higher rates and yields increase the opportunity cost of holding gold, while falling Indian gold imports point to softer physical demand. Gold price drops as Fed raises rates and signals another hike

Hedge Funds Weigh In On SPDR Gold MiniShares Trust

Large investors have recently made changes to their positions in the business. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of SPDR Gold MiniShares Trust by 1.1% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,594,406 shares of the company’s stock worth $1,723,515,000 after purchasing an additional 206,914 shares during the period. Evoke Wealth LLC increased its stake in SPDR Gold MiniShares Trust by 1.7% in the 4th quarter. Evoke Wealth LLC now owns 7,374,785 shares of the company’s stock valued at $629,586,000 after buying an additional 123,123 shares during the period. Resona Asset Management Co. Ltd. lifted its position in SPDR Gold MiniShares Trust by 45.2% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 3,236,300 shares of the company’s stock worth $289,066,000 after buying an additional 1,006,700 shares in the last quarter. Evergreen Quality Fund GP Ltd. lifted its position in SPDR Gold MiniShares Trust by 16.9% in the 4th quarter. Evergreen Quality Fund GP Ltd. now owns 2,587,215 shares of the company’s stock worth $220,871,000 after buying an additional 374,500 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of SPDR Gold MiniShares Trust during the 2nd quarter valued at $157,696,000.

SPDR Gold MiniShares Trust Stock Performance

Shares of SPDR Gold MiniShares Trust stock traded up $1.42 during midday trading on Thursday, hitting $85.95. The company’s stock had a trading volume of 2,388,361 shares, compared to its average volume of 7,060,456. SPDR Gold MiniShares Trust has a 1-year low of $71.81 and a 1-year high of $109.74. The stock has a 50-day simple moving average of $84.78 and a 200-day simple moving average of $88.33.

SPDR Gold MiniShares Trust Company Profile

The SPDR Gold MiniShares Trust (GLDM) is an exchange-traded fund that is based on the LBMA Gold Price index. The fund tracks the gold spot price, less expenses and liabilities, using gold bars held in London vaults. GLDM was launched on Jun 25, 2018 and is issued by State Street.