SPDR Gold Shares (GLD) Short Interest Update

SPDR Gold Shares (NYSEARCA:GLD) was the recipient of a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 16,614,266 shares, an increase of 25.9% from the December 31st total of 13,191,386 shares. Based on an average daily trading volume, of 9,650,888 shares, the short-interest ratio is currently 1.7 days.

Several institutional investors have recently made changes to their positions in GLD. Renaissance Technologies LLC purchased a new position in shares of SPDR Gold Shares during the second quarter valued at $463,000. CENTRAL TRUST Co increased its stake in shares of SPDR Gold Shares by 2.1% during the third quarter. CENTRAL TRUST Co now owns 103,832 shares of the exchange traded fund’s stock valued at $11,709,000 after buying an additional 2,177 shares during the period. Chemung Canal Trust Co. purchased a new position in shares of SPDR Gold Shares during the third quarter valued at $226,000. Investment House LLC purchased a new position in shares of SPDR Gold Shares during the third quarter valued at $250,000. Finally, We Are One Seven LLC purchased a new position in shares of SPDR Gold Shares during the third quarter valued at $276,000.

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Shares of SPDR Gold Shares stock opened at $124.50 on Friday. SPDR Gold Shares has a 12 month low of $111.06 and a 12 month high of $129.47.

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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).

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