SPDR Gold Shares (NYSEARCA:GLD) was the target of a significant decline in short interest during the month of November. As of November 15th, there was short interest totalling 8,756,546 shares, a decline of 33.7% from the October 31st total of 13,207,479 shares. Based on an average daily trading volume, of 9,625,586 shares, the short-interest ratio is currently 0.9 days.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Clearbridge Investments LLC increased its holdings in SPDR Gold Shares by 36.0% during the third quarter. Clearbridge Investments LLC now owns 6,050 shares of the exchange traded fund’s stock worth $682,000 after buying an additional 1,600 shares during the last quarter. GFS Advisors LLC increased its holdings in SPDR Gold Shares by 36.2% during the third quarter. GFS Advisors LLC now owns 88,691 shares of the exchange traded fund’s stock worth $10,001,000 after buying an additional 23,579 shares during the last quarter. Morgan Stanley increased its holdings in SPDR Gold Shares by 6.3% during the third quarter. Morgan Stanley now owns 5,049,473 shares of the exchange traded fund’s stock worth $569,379,000 after buying an additional 297,192 shares during the last quarter. Rehmann Capital Advisory Group increased its holdings in SPDR Gold Shares by 11,187.2% during the third quarter. Rehmann Capital Advisory Group now owns 1,822,652 shares of the exchange traded fund’s stock worth $16,164,000 after buying an additional 1,806,504 shares during the last quarter. Finally, Financial Enhancement Group LLC increased its holdings in SPDR Gold Shares by 18,288.9% during the third quarter. Financial Enhancement Group LLC now owns 8,275 shares of the exchange traded fund’s stock worth $933,000 after buying an additional 8,230 shares during the last quarter.

Shares of GLD opened at $117.12 on Thursday. SPDR Gold Shares has a 1-year low of $111.06 and a 1-year high of $129.51.

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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).

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