SPDR Gold MiniShares Trust (NYSEARCA:GLDM) Sees Large Decrease in Short Interest

SPDR Gold MiniShares Trust (NYSEARCA:GLDM) was the recipient of a significant decrease in short interest in September. As of September 15th, there was short interest totaling 2,852,206 shares, a decrease of 54.3% from the August 31st total of 6,243,340 shares. Currently, 0.8% of the shares of the stock are short sold. Based on an average trading volume of 5,191,708 shares, the days-to-cover ratio is presently 0.5 days.

Key SPDR Gold MiniShares Trust News

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

• Positive Sentiment: Despite the short-term weakness, State Street strategist George Milling-Stanley’s team still sees a path for gold to reach $5,000 an ounce by the second quarter of 2027. This longer-term bullish outlook could support GLDM if rate pressures ease. Rising bond yields could push gold price to $4,000, but State Street’s Doshi still sees $5,000 by Q2 2027
• Positive Sentiment: China is reportedly on pace to import approximately 1,700 tonnes of gold in 2026, potentially its strongest annual total since 2020. Robust physical demand may provide a medium-term floor for gold and GLDM. China on pace to import 1,700 tonnes of gold in 2026
• Neutral Sentiment: Analysts are watching the $4,000-to-$4,200 area as critical technical support. Holding that zone could stabilize gold, while a breakdown would signal additional downside for GLDM. Gold price slide below 200-DMA brings critical support level into focus
• Negative Sentiment: Oil-price gains have increased inflation concerns and rate-hike expectations, pushing bond yields and the dollar higher. Those factors raise the opportunity cost of holding non-yielding gold and drove the metal to a seven-week low, weighing directly on GLDM. Metals sell off as Hormuz stalemate drives yields, dollar higher

SPDR Gold MiniShares Trust Price Performance

SPDR Gold MiniShares Trust stock traded down $3.33 during midday trading on Monday, reaching $81.56. The company’s stock had a trading volume of 4,690,722 shares, compared to its average volume of 6,943,455. SPDR Gold MiniShares Trust has a fifty-two week low of $75.49 and a fifty-two week high of $109.74. The stock’s 50 day simple moving average is $85.46 and its 200 day simple moving average is $87.63.

Institutional Trading of SPDR Gold MiniShares Trust

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Sumitomo Mitsui Trust Group Inc. boosted its holdings in SPDR Gold MiniShares Trust by 1.1% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,594,406 shares of the company’s stock worth $1,723,515,000 after buying an additional 206,914 shares in the last quarter. Resona Asset Management Co. Ltd. grew its position in SPDR Gold MiniShares Trust by 45.2% during the first quarter. Resona Asset Management Co. Ltd. now owns 3,236,300 shares of the company’s stock worth $289,066,000 after buying an additional 1,006,700 shares during the period. Evergreen Quality Fund GP Ltd. increased its holdings in SPDR Gold MiniShares Trust by 16.9% in the fourth quarter. Evergreen Quality Fund GP Ltd. now owns 2,587,215 shares of the company’s stock valued at $220,871,000 after buying an additional 374,500 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in SPDR Gold MiniShares Trust in the second quarter valued at about $157,696,000. Finally, Regents of The University of California acquired a new stake in shares of SPDR Gold MiniShares Trust during the 1st quarter valued at approximately $133,351,000.

SPDR Gold MiniShares Trust Company Profile

The SPDR Gold MiniShares Trust (GLDM) is an exchange-traded fund that is based on the LBMA Gold Price index. The fund tracks the gold spot price, less expenses and liabilities, using gold bars held in London vaults. GLDM was launched on Jun 25, 2018 and is issued by State Street.