SPDR Gold Shares (GLD) Short Interest Ratio & Short Volume

Short interest is the volume of SPDR Gold Shares shares that have been sold short but have not yet been covered or closed out. As of May 31st, traders have sold 12,250,000 shares of GLD short. 3.75% of SPDR Gold Shares' shares are currently sold short. Learn More on SPDR Gold Shares' current short interest.

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. GLD shares currently have a short interest ratio of 1.0. Learn More on SPDR Gold Shares's short interest ratio.

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of SPDR Gold Shares: Quaker Wealth Management LLC, Bluefin Capital Management LLC, CTC LLC, Goldman Sachs Group Inc., Parallax Volatility Advisers L.P., K2 Principal Fund L.P., CMT Capital Markets Trading GmbH, HBK Investments L P, Cubist Systematic Strategies LLC, Royal Bank of Canada, Quarry LP, Nomura Holdings Inc., Twin Tree Management LP, Alphadyne Asset Management LP, All Terrain Financial Advisors LLC, Susquehanna International Group LLP, HAP Trading LLC, BNP Paribas Financial Markets, Eisler Capital Management Ltd., PEAK6 LLC, WS Management Lllp, Jane Street Group LLC, Walleye Trading LLC, Walleye Capital LLC, Maven Securities LTD, Cresset Asset Management LLC, Marathon Trading Investment Management LLC, HighTower Advisors LLC, Simplex Trading LLC, JPMorgan Chase & Co., Private Wealth Advisors LLC, National Bank of Canada FI, Citigroup Inc., Belvedere Trading LLC, DCF Advisers LLC, Bank of Nova Scotia, Baker Avenue Asset Management LP, Jefferies Financial Group Inc., Tandem Financial LLC, LPL Financial LLC, Caas Capital Management LP, Astra Wealth Partners LLC, Financial Advocates Investment Management, SG Americas Securities LLC, and IMC Chicago LLC. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

Companies that have a short interest as a percentage of float below 10% indicates positive investor sentiment and few short sellers. Stocks with a short interest percentage above 10% is considered high, suggesting some investors are pessimistic about the stock. Companies with a short interest percentage of 20% or more indicates widespread negative sentiment. 3.75% of SPDR Gold Shares' floating shares are currently sold short.

SPDR Gold Shares saw a decline in short interest in the month of May. As of May 31st, there was short interest totaling 12,250,000 shares, a decline of 6.0% from the previous total of 13,030,000 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

3.75% of SPDR Gold Shares' shares are currently sold short. Here is how the short interest of companies compare to SPDR Gold Shares: iShares Gold Trust (1.38%), SPDR Gold MiniShares Trust (2.04%), iShares Gold Trust Micro (0.57%), VanEck Merk Gold ETF (0.70%), GraniteShares Gold Trust (0.60%), abrdn Physical Gold Shares ETF (1.13%), ProShares Ultra Gold (7.64%), Franklin Responsibly Sourced Gold ETF (0.39%), ProShares UltraShort Gold (12.43%), MicroSectors Gold -3x Inverse Leveraged ETN (0.01%),

As of the most recent reporting period, the following stocks had the largest short interest positions: SPDR S&P 500 ETF Trust ($64.96 billion), Invesco QQQ ($27.88 billion), iShares Russell 2000 ETF ($19.94 billion), iShares 20+ Year Treasury Bond ETF ($9.69 billion), MicroStrategy Incorporated ($8.58 billion), SPDR S&P Biotech ETF ($5.72 billion), Invesco S&P 500 Equal Weight ETF ($5.45 billion), iShares iBoxx $ Investment Grade Corporate Bond ETF ($4.70 billion), Charter Communications, Inc. ($4.54 billion), and Industrial Select Sector SPDR Fund ($4.49 billion). View all of the most shorted stocks.

Short selling GLD is an investing strategy that aims to generate trading profit from SPDR Gold Shares as its price is falling. GLD shares are trading down $0.34 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for SPDR Gold Shares occurs when it has a large amount of short interest and its stock increases in price. This forces short sellers to cover their short interest positions by buying actual shares of GLD, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including GLD, twice per month. The most recent reporting period available is May, 31 2025.