SPDR Gold Shares
ARCAGLD short interest surges 42.8% in one week to 15.9 million shares, driven by gold ETF weakness; borrowing costs remain modest at 0.42%, with ample availability at 332% of short interest.
A new long-form analysis for GLD this week — anomalies vs the company's own history, peer comparisons, news context, and the full data picture. Premium subscribers only.
Read on ORTEX →Sign up for premiumGLD is entering the back half of September with a notable contradiction: short sellers are rebuilding positions at pace, yet the borrowing market suggests no particular conviction behind the move. The most striking…
Snapshot as of 20 Sept 2026
GLD has surged 7.4% this week to $428.07 — its biggest weekly gain in months — and the options market, which was already leaning bullish when the previous note was filed last Tuesday at $398.55, has only grown more…
GLD has retreated from its $400 breakout, closing at $398.55 on Tuesday — a 1.7% pullback on the day and 0.6% down on the week — but the options market has not flinched, and that divergence is the week's most…
GLD crossed a symbolic threshold this week, breaking above $400 for the first time and closing Tuesday at $400.96 — a 7.2% gain on the week and 6.4% over the past month. The interesting tension here is not the rally…
GLD is entering the back half of July with shorts retreating for a second time and options traders at their most call-heavy in over a year — the rebuild that looked threatening on July 14 has already started to…
The week's most striking tension in GLD is a small but meaningful short rebuild running directly against the most bullish options setup seen in months. After the clean July 10 unwind documented in the previous note —…
The "pause" documented earlier this week has become a genuine unwind. Short interest in GLD dropped 30% in a single session on July 10, falling to 11.3 million shares — the steepest single-day cover on record. That…
GLD enters the second week of July with the short-building frenzy from late June showing its first signs of fatigue — shares short have eased back slightly from peak levels even as the ETF itself pulled back 1.2% on…
GLD closed out Q2 with its most aggressive short-building episode in months — short interest nearly doubled from late-May levels even as the ETF shed 12% over the same period, creating a rare moment where bears are…
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