SPDR Gold MiniShares Trust (GLDM) Sees Large Drop in Short Interest

SPDR Gold MiniShares Trust (NYSEARCA:GLDM) saw a significant decrease in short interest in the month of October. As of October 15th, there was short interest totalling 251,447 shares, a decrease of 60.7% from the September 28th total of 640,628 shares. Based on an average daily trading volume, of 273,627 shares, the days-to-cover ratio is presently 0.9 days.

An institutional investor recently bought a new position in SPDR Gold MiniShares Trust stock. American Investment Services Inc. bought a new stake in SPDR Gold MiniShares Trust (NYSEARCA:GLDM) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 119,627 shares of the company’s stock, valued at approximately $1,425,000. SPDR Gold MiniShares Trust comprises 0.5% of American Investment Services Inc.’s portfolio, making the stock its 29th largest position. American Investment Services Inc. owned 0.59% of SPDR Gold MiniShares Trust at the end of the most recent quarter.

SPDR Gold MiniShares Trust stock opened at $12.33 on Friday. SPDR Gold MiniShares Trust has a 1 year low of $11.74 and a 1 year high of $12.64.

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