SPDR Gold Trust Sees Unusually High Options Volume (GLD)
SPDR Gold Trust (NYSEARCA:GLD) was the target of some unusual options trading activity on Wednesday. Investors purchased 73,509 call options on the stock. This represents an increase of approximately 130% compared to the average volume of 31,916 call options.
Institutional investors have recently made changes to their positions in the stock. Blume Capital Management Inc. boosted its stake in shares of SPDR Gold Trust by 30.8% in the second quarter. Blume Capital Management Inc. now owns 850 shares of the exchange traded fund’s stock worth $100,000 after buying an additional 200 shares during the last quarter. QCI Asset Management Inc. NY boosted its stake in shares of SPDR Gold Trust by 14.9% in the second quarter. QCI Asset Management Inc. NY now owns 1,155 shares of the exchange traded fund’s stock worth $136,000 after buying an additional 150 shares during the last quarter. CI Global Investments Inc. acquired a new stake in shares of SPDR Gold Trust during the second quarter worth approximately $150,000. Cornerstone Advisory LLP acquired a new stake in shares of SPDR Gold Trust during the second quarter worth approximately $201,000. Finally, Wellesley Investment Partners LLC acquired a new stake in shares of SPDR Gold Trust during the second quarter worth approximately $202,000.
Shares of SPDR Gold Trust (GLD) opened at 122.79 on Friday. SPDR Gold Trust has a 12 month low of $107.00 and a 12 month high of $129.17. The stock has a 50 day moving average of $118.66 and a 200 day moving average of $118.57.
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SPDR Gold Trust 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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