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

SPDR Gold Shares (NYSEARCA:GLD) was the target of some unusual options trading activity on Thursday. Investors acquired 863,709 call options on the company. This represents an increase of 50% compared to the typical daily volume of 576,276 call options.

SPDR Gold Shares Stock Performance

Shares of GLD stock opened at $377.52 on Friday. The company has a market capitalization of $138.78 billion, a P/E ratio of -32.43 and a beta of 0.15. The company’s 50 day moving average price is $345.72 and its two-hundred day moving average price is $319.60. SPDR Gold Shares has a 52 week low of $236.13 and a 52 week high of $403.30.

Institutional Trading of SPDR Gold Shares

Several hedge funds have recently bought and sold shares of GLD. Chapman Financial Group LLC acquired a new stake in SPDR Gold Shares during the 2nd quarter worth approximately $26,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of SPDR Gold Shares in the first quarter valued at approximately $30,000. Steigerwald Gordon & Koch Inc. acquired a new stake in shares of SPDR Gold Shares in the third quarter valued at approximately $31,000. Columbia River Financial Group LLC acquired a new stake in shares of SPDR Gold Shares in the first quarter valued at approximately $34,000. Finally, Stone House Investment Management LLC acquired a new stake in shares of SPDR Gold Shares in the first quarter valued at approximately $34,000. 42.19% of the stock is currently owned by institutional investors and hedge funds.

About SPDR Gold Shares

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).