Investors Purchase Large Volume of Put Options on SPDR Gold Trust (ETF) (GLD)
Shares of SPDR Gold Trust (ETF) (NYSE:GLD) were the target of some unusual options trading on Thursday. Stock traders bought 57,728 put options on the company, American Banking and Market News reports. This is an increase of 118% compared to the average daily volume of 26,470 put options.
Separately, analysts at Stifel Nicolaus upgraded shares of SPDR Gold Trust (ETF) from a “hold” rating to a “buy” rating in a research note on Friday, August 1st.
SPDR Gold Trust (NYSE:GLD) traded down 0.55% on Thursday, hitting $121.48. 7,299,222 shares of the company’s stock traded hands. SPDR Gold Trust has a 52-week low of $114.46 and a 52-week high of $134.40. The stock’s 50-day moving average is $124. and its 200-day moving average is $125.4.
SPDR Gold Trust (NYSE:GLD) is an investment trust.