SPDR Gold Shares (NYSEARCA:GLD) Sees Large Growth in Short Interest

SPDR Gold Shares (NYSEARCA:GLD) saw a significant increase in short interest in June. As of June 15th, there was short interest totaling 15,662,128 shares, an increase of 72.1% from the May 31st total of 9,100,030 shares. Based on an average daily trading volume, of 8,486,743 shares, the short-interest ratio is currently 1.8 days. Currently, 4.3% of the shares of the stock are short sold.

Key Headlines Impacting SPDR Gold Shares

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

• Positive Sentiment: Gold surged after the June employment report missed expectations, easing Fed rate-hike fears and boosting precious metals demand. Gold and silver rally as NFP miss dents Fed-hike bets – Kitco AM Report
• Positive Sentiment: Gold held and extended gains above key technical levels, with traders seeing recovery signals and short-covering into a thin holiday-session tape. Gold (XAU/USD) Price Forecast: Above Trendline Signals Recovery
• Positive Sentiment: Central bank buying remained a major support, with the World Gold Council reporting net purchases of 41 tonnes in May and multiple strategists citing diversification demand and ETF inflows as tailwinds. Central banks boost gold reserves with net 41 tonnes purchased in May – World Gold Council
• Positive Sentiment: Market commentary from HSBC and State Street pointed to further upside for gold into year-end, citing ongoing central-bank demand, ETF inflows, and diversification buying. ‘We anticipate further upside for gold by year-end’ – HSBC’s Sels and Ku
• Neutral Sentiment: Some analysts noted that high yields and a strong dollar still cap upside in the near term, even though the longer-term backdrop remains constructive. State Street’s baseline scenario sees gold price as high as $5,500/oz by Q1 2027
• Negative Sentiment: Price forecasts also highlighted resistance near recent highs and moving averages, suggesting GLD could face pauses if the current macro-driven rally loses momentum. Gold (XAU/USD) Price Forecast: Resistance Cluster Caps Upside Momentum

SPDR Gold Shares Stock Performance

Shares of GLD stock opened at $378.13 on Friday. The stock has a market cap of $133.10 billion, a P/E ratio of -32.43 and a beta of 0.17. SPDR Gold Shares has a 1 year low of $300.95 and a 1 year high of $509.70. The stock has a 50 day simple moving average of $404.49 and a 200 day simple moving average of $426.91.

Institutional Trading of SPDR Gold Shares

A number of institutional investors have recently modified their holdings of GLD. Corient Private Wealth LLC grew its holdings in shares of SPDR Gold Shares by 571.3% during the 4th quarter. Corient Private Wealth LLC now owns 3,949,227 shares of the exchange traded fund’s stock worth $1,565,118,000 after purchasing an additional 3,360,966 shares in the last quarter. Morgan Stanley raised its stake in SPDR Gold Shares by 22.4% in the fourth quarter. Morgan Stanley now owns 13,893,741 shares of the exchange traded fund’s stock valued at $5,506,229,000 after purchasing an additional 2,539,266 shares in the last quarter. Bank of Montreal Can acquired a new position in SPDR Gold Shares in the third quarter valued at about $556,282,000. Virtu Financial LLC acquired a new position in SPDR Gold Shares in the fourth quarter valued at about $474,952,000. Finally, Marino Management LLC bought a new stake in SPDR Gold Shares during the fourth quarter worth about $438,475,000. 42.19% of the stock is currently owned by institutional investors.

SPDR Gold Shares 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). 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.