SPDR Gold MiniShares Trust (NYSEARCA:GLDM – Get Free Report) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 9,690,000 shares, a growth of 142.9% from the August 15th total of 3,990,000 shares. Currently, 4.0% of the shares of the company are sold short. Based on an average daily volume of 3,547,700 shares, the short-interest ratio is currently 2.7 days. Based on an average daily volume of 3,547,700 shares, the short-interest ratio is currently 2.7 days. Currently, 4.0% of the shares of the company are sold short.
SPDR Gold MiniShares Trust Stock Up 0.4%
Shares of GLDM stock traded up $0.28 during mid-day trading on Monday, reaching $72.44. The stock had a trading volume of 547,034 shares, compared to its average volume of 3,748,109. The business’s fifty day moving average is $67.37 and its 200-day moving average is $64.94. SPDR Gold MiniShares Trust has a 1-year low of $50.48 and a 1-year high of $72.76.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the company. Johnson Investment Counsel Inc. purchased a new stake in SPDR Gold MiniShares Trust in the first quarter valued at $240,000. GAMMA Investing LLC purchased a new stake in SPDR Gold MiniShares Trust in the first quarter valued at $29,000. Kestra Private Wealth Services LLC boosted its holdings in SPDR Gold MiniShares Trust by 4.8% in the first quarter. Kestra Private Wealth Services LLC now owns 43,827 shares of the company’s stock valued at $2,712,000 after purchasing an additional 2,018 shares during the last quarter. Sowell Financial Services LLC purchased a new stake in SPDR Gold MiniShares Trust in the first quarter valued at $306,000. Finally, Wedbush Securities Inc. purchased a new stake in SPDR Gold MiniShares Trust in the first quarter valued at $209,000.
About SPDR Gold MiniShares Trust
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.
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