Spider Gold Shares Fund ¬†(GLD) short interest is $1.87 billion; 15.11 million shares shorted; 5.56% short interest % of float; 0.30% stock borrow fee (general collateral.) GLD is the 12th largest ETF short.
GLD shares shorted are up 1.5 million shares over the last week, +11.18%, which is reversing a trend of short covering we saw from mid-January.
The price of Gold had been trending upwards from September 2018 to January 2019, gaining +10.05% in five months but has taken a breather in February, down -0.60% for the month.
GLD short sellers have recently been increasing their positions, but we can expect a continuation of short covering if the price of Gold reverts back to its upward trend.
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¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬†¬† ¬†Managing Director Predictive Analytics, S3 Partners, LLC
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