Stock Traders Purchase High Volume of Call Options on SPDR Gold Shares (NYSEARCA:GLD)

SPDR Gold Shares (NYSEARCA:GLDGet Free Report) saw unusually large options trading activity on Tuesday. Traders bought 957,276 call options on the stock. This is an increase of 34% compared to the average daily volume of 712,540 call options.

Key SPDR Gold Shares News

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

SPDR Gold Shares Trading Up 3.7%

NYSEARCA:GLD traded up $15.72 during trading hours on Tuesday, hitting $437.01. 13,688,098 shares of the company traded hands, compared to its average volume of 14,383,571. SPDR Gold Shares has a twelve month low of $251.83 and a twelve month high of $437.32. The firm has a 50-day moving average of $396.59 and a 200 day moving average of $357.19. The stock has a market capitalization of $164.14 billion, a price-to-earnings ratio of -32.43 and a beta of 0.09.

Institutional Trading of SPDR Gold Shares

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Hopwood Financial Services Inc. bought a new position in shares of SPDR Gold Shares in the third quarter worth about $27,000. Vestwell Advisors LLC acquired a new stake in shares of SPDR Gold Shares in the third quarter valued at approximately $27,000. USA Financial Formulas acquired a new stake in shares of SPDR Gold Shares in the fourth quarter valued at approximately $31,000. Chapman Financial Group LLC bought a new position in SPDR Gold Shares in the 2nd quarter worth approximately $26,000. Finally, Steigerwald Gordon & Koch Inc. acquired a new position in SPDR Gold Shares during the 3rd quarter worth $31,000. Institutional investors own 42.19% of the company’s stock.

About SPDR Gold Shares

(Get Free Report)

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). The Trust issues Shares in Baskets to certain authorized participants (Authorized Participants) on an ongoing basis. The creation and redemption of Baskets is only made in exchange for the delivery to the Trust or the distribution by the Trust of the amount of gold and any cash represented by the Baskets being created or redeemed, the amount of which will be based on the combined net asset value of various Shares included in the Baskets being created or redeemed determined on the day the order to create or redeem Baskets is properly received.

Further Reading

Receive News & Ratings for SPDR Gold Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR Gold Shares and related companies with MarketBeat.com's FREE daily email newsletter.