SPDR Gold Trust Sees Large Decrease in Short Interest (GLD)
Shares of SPDR Gold Trust (NYSE:GLD) were the recipient of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totalling 11,524,400 shares, a decrease of 21.7% from the July 15th total of 14,709,081 shares, American Banking News reports. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 5,833,452 shares, the days-to-cover ratio is currently 2.0 days.
Separately, analysts at Stifel Nicolaus upgraded shares of SPDR Gold Trust from a “hold” rating to a “buy” rating in a research note on Friday, August 1st.
SPDR Gold Trust (NYSE:GLD) opened at 124.96 on Tuesday. SPDR Gold Trust has a 52 week low of $114.46 and a 52 week high of $137.55. The stock’s 50-day moving average is $126.0 and its 200-day moving average is $125.4.
SPDR Gold Trust (NYSE:GLD) is an investment trust.
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