SPDR Gold Trust (NYSEARCA:GLD) saw unusually large options trading activity on Wednesday. Traders acquired 68,756 put options on the company. This is an increase of approximately 147% compared to the average volume of 27,855 put options.

SPDR Gold Trust (GLD) opened at 123.24 on Friday. SPDR Gold Trust has a 52 week low of $107.00 and a 52 week high of $128.32. The stock has a 50 day moving average of $123.54 and a 200-day moving average of $120.01.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Blume Capital Management Inc. lifted its stake in shares of SPDR Gold Trust by 30.8% in the second quarter. Blume Capital Management Inc. now owns 850 shares of the exchange traded fund’s stock worth $100,000 after buying an additional 200 shares during the last quarter. FTB Advisors Inc. lifted its stake in shares of SPDR Gold Trust by 3.1% in the second quarter. FTB Advisors Inc. now owns 854 shares of the exchange traded fund’s stock worth $100,000 after buying an additional 26 shares during the last quarter. QCI Asset Management Inc. NY lifted its stake in shares of SPDR Gold Trust by 14.9% in the second quarter. QCI Asset Management Inc. NY now owns 1,155 shares of the exchange traded fund’s stock worth $136,000 after buying an additional 150 shares during the last quarter. CI Global Investments Inc. acquired a new stake in shares of SPDR Gold Trust in the second quarter worth $150,000. Finally, Cornerstone Advisory LLP acquired a new stake in shares of SPDR Gold Trust in the second quarter worth $201,000.

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About SPDR Gold Trust

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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