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

SPDR Gold MiniShares Trust (NYSEARCA:GLDM) was the target of a significant decrease in short interest during the month of 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. Based on an average daily volume of 5,191,708 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.8% of the shares of the company are short sold.

SPDR Gold MiniShares Trust Price Performance

Shares of NYSEARCA GLDM traded down $3.33 during mid-day trading on Monday, hitting $81.56. 4,690,722 shares of the company were exchanged, compared to its average volume of 6,943,455. The stock has a 50 day simple moving average of $85.46 and a 200-day simple moving average of $87.63. SPDR Gold MiniShares Trust has a 1-year low of $75.49 and a 1-year high of $109.74.

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

Institutional Trading of SPDR Gold MiniShares Trust

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. lifted its position in SPDR Gold MiniShares Trust by 1.1% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,594,406 shares of the company’s stock valued at $1,723,515,000 after purchasing an additional 206,914 shares during the period. Resona Asset Management Co. Ltd. increased its position in SPDR Gold MiniShares Trust by 45.2% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 3,236,300 shares of the company’s stock worth $289,066,000 after purchasing an additional 1,006,700 shares during the period. Evergreen Quality Fund GP Ltd. increased its position in SPDR Gold MiniShares Trust by 16.9% during the 4th quarter. Evergreen Quality Fund GP Ltd. now owns 2,587,215 shares of the company’s stock worth $220,871,000 after purchasing an additional 374,500 shares during the period. Public Employees Retirement System of Ohio purchased a new position in shares of SPDR Gold MiniShares Trust during the 2nd quarter worth approximately $157,696,000. Finally, Regents of The University of California purchased a new position in shares of SPDR Gold MiniShares Trust during the 1st quarter worth approximately $133,351,000.

About SPDR Gold MiniShares Trust

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.