Zacks Investment ResearchT3·28mo ago
SGOL abrdn Physical Gold Shares ETF
ETF 39.35 DelayedETF quote, holdings, sector allocation, technicals, and options analytics. Expected move IV rank history Fibonacci levels
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
SGOL
$39.35
—
Key stats
$39.35
Pre-market
$38.86
-1.22%
- 52-Week Range
- $37.31 – $52.84
- YTD
- -4.68%
- IV Rank (30D)
- 5.28
- Straddle Price
- $1.80
- P/C Vol Ratio
- 0.58
- Open
- $39.36
- Day Range
- $39.11 – $39.41
- Volume
- 2,894,683
- Prev Close
- $39.20
About
abrdn Physical Gold Shares ETF (SGOL) ETF
No description available.
- Exchange
- ARCX
- Inception
- 2009-09-09
- Has Options
- Yes
Fund profile
- Expense ratio
- —
- Assets
- $6.9B shares × price, Oct 20, 2026
- Trailing yield
- —
- Average daily volume
- $106M 30 sessions
- Holdings
- —
- Listed
- Sep 9, 2009 NYSE Arca
Costn/a
Liquidity100
Scale100
Diversificationn/a
Moves with. Gold (100% of its variance, beta 0.99). These factors explain 100% of its daily moves over the last year.
Fund flows
This product is not a registered investment company, so it does not file the monthly flow reports that funds file with the SEC.
Similar funds
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| GLDSPDR Gold Trust, SPDR Gold Shares | — | — | $139.6B | −2.9% | compare |
| IAUiShares Gold Trust | — | 0.25% | $61.5B | −2.8% | compare |
| GLDMSPDR Gold MiniShares | — | — | $30.7B | −2.6% | compare |
| PHYSSprott Physical Gold Trust | — | — | $15.1B | −3.4% | compare |
| IAUMiShares Gold Trust Micro | — | 0.09% | $8.0B | −2.5% | compare |
The largest other funds in the Gold category.
ETF Profile
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | -5.30% | -0.17% | 5.00% | -1.17% | 5.32% | 12.04% | 2.62% |
| Feb | -7.00% | 6.08% | -6.52% | -0.61% | 1.38% | 13.06% | 1.07% |
| Mar | -0.91% | -0.43% | 7.22% | 6.68% | 8.04% | -12.18% | 1.40% |
| Apr | 2.17% | -1.46% | 0.21% | 2.05% | 5.71% | -3.17% | 0.92% |
| May | 6.27% | -1.35% | -0.84% | 0.72% | 2.05% | -1.41% | 0.91% |
| Jun | -6.96% | -2.20% | -3.01% | -0.98% | -2.23% | -10.38% | -4.29% |
| Jul | 2.11% | -2.43% | 2.17% | 5.07% | -1.41% | -0.12% | 0.90% |
| Aug | 0.17% | -3.48% | -0.16% | 2.53% | 2.87% | 9.90% | 1.97% |
| Sep | -3.33% | -2.03% | -4.69% | 5.54% | 9.10% | -3.96% | 0.10% |
| Oct | 1.30% | -4.17% | 8.46% | 3.27% | 3.42% | -1.01%* | 1.88% |
| Nov | -1.16% | 7.28% | 2.91% | -2.72% | 5.15% | -- | 2.29% |
| Dec | 2.93% | 1.10% | -0.35% | -0.48% | 1.73% | -- | 0.99% |
| Total | -10.16% | -3.87% | 9.68% | 21.23% | 48.93% | -0.68% | 10.86% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $39.62
SMA 50: $41.10
SMA 200: $43.02
Current: $39.34
EMA 12: $39.54
EMA 26: $39.95
MACD: -0.4169 | Signal: 0.0383
BEARISH
ADX (14): 16.12
RANGE
+DI: 24.48
−DI: 31.85
Momentum Oscillators
RSI (14): 43.34
NEUTRAL
Stoch %K: 45.45
Stoch %D: 56.49
Williams %R: -52.92
Volume & Volatility
BB Upper: $40.51
BB Lower: $38.72
NEUTRAL
OBV: 177,012,941
Vol SMA 20: 2,470,089
Vol ROC: 9.82%
ATR: $0.57
True Range: $0.30
HV 20: 20.4%
HV 30: 19.6%
HV 60: 23.8%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis
LLM Stock Analysis Report
Executive Summary
BULLISH (Confidence level: 6/10)
Key drivers:
- Trend direction: Short-term uptrend, Medium-term sideways, Long-term uptrend
- Technical support: SMA 20 and Bollinger Bands' middle line
- Momentum signals: Neutral RSI, bearish MACD histogram, low volatility
Primary risks:
- Downtrend risk if price breaks below SMA 200
- Overbought conditions above $39.82 (Bollinger Bands' upper band)
Investment thesis: SGOL's recent rally is likely to continue in the short-term as it consolidates within a sideways range. However, we are cautious about the stock's medium-term prospects due to its overbought condition and potential for a pullback.
Recent news sentiment impact: Neutral overall sentiment from recent headlines, with no significant catalysts or events that could significantly affect the stock price.
Technical Analysis
Trend Direction: Short-term uptrend (SMA 20), Medium-term sideways (SMA 50), Long-term uptrend (SMA 200)
Support/Resistance Levels: SMA 20 ($38.70) and Bollinger Bands' middle line ($38.70) serve as short-term support, while the upper band ($39.82) could be a resistance level.
Momentum Signals:
- RSI: Neutral at 39.73
- MACD: Bearish histogram (-0.79)
- Bollinger Bands: Neutral signal
Volume Analysis: Low volume and no significant institutional interest signals in the options market.
News & Sentiment Analysis
Recent Headlines Summary: Recent news headlines have been neutral, with no significant events or catalysts that could impact the stock price.
Sentiment Assessment: Neutral sentiment overall, with no clear bias towards bullish or bearish trends.
Catalyst Identification: No imminent earnings announcements or regulatory changes that could significantly affect the stock price.
Market Narrative: The neutral news sentiment and lack of significant events suggest a consolidation phase for SGOL, with short-term uptrend potential but medium-term uncertainty.
Risk & Volatility Assessment
Beta Interpretation: Low volatility, with a beta of 0.66 relative to SPY.
Volatility Regime: Current volatility is low compared to historical levels.
Options Market Signals:
- IV Rank: High at 89.5%
- Put/Call Ratio: Bearish at 2.16
- Options market pricing $3.12 move by expiration
Downside Protection: SMA 20 and Bollinger Bands' middle line serve as short-term support, while the upper band ($39.82) could be a resistance level.
Market Context & Positioning
Sector Performance: Gold ETFs have been trending sideways in recent months, with no clear direction or trend.
Institutional Activity: Low institutional interest signals in the options market, indicating a lack of significant buying or selling pressure.
Correlation Analysis: SGOL has a low correlation coefficient (0.30) compared to the broader market, suggesting it may not be perfectly aligned with sector trends.
Relative Valuation: SGOL is currently trading within its historical range, with no clear value or growth biases.
Key Levels & Action Items
- Critical Price Levels: SMA 20 ($38.70), Bollinger Bands' middle line ($38.70), and upper band ($39.82)
- Breakout/Breakdown Levels: SMA 200 ($42.66) could be a significant resistance level if the stock breaks above it, while a break below $37.59 (lower Bollinger Band) could indicate a strong bearish trend.
- Time-Sensitive Catalysts: No imminent earnings announcements or regulatory changes that could significantly affect the stock price.
- Risk Management: Consider setting stop-loss levels around $38.70 and position sizing accordingly to manage risk.
Overall Assessment: SGOL's recent rally is likely to continue in the short-term as it consolidates within a sideways range, but we are cautious about the stock's medium-term prospects due to its overbought condition and potential for a pullback.
Generated
News
All SGOL news →
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SGOL Options Activity & IV Rank
SGOL IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 19.2%
7-DTE IV: —
Expected Move: $1.80
7-DTE Move: $1.80
Days to Exp: 30 (2026-11-20)
Options Flow
Call Volume: 65
Put Volume: 38
P/C Volume: 0.585
BULLISH
Call OI: 540
Put OI: 71
P/C OI: 0.131
Total OI: 611
ATM Options Pricing
ATM Call: $1.07
ATM Put: $0.72
Call %: 2.7%
Put %: 1.8%
Chain Summary
Chain Volume: 2,641
Chain OI: 10,623
Last Updated: 10/21/2026
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Dealer Positioning
LOW γ vs HISTORY
Estimated net dealer gamma is at the 19th percentile of this name's own daily history, near the low end of its range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
19%
vs own history
GEX tilt
+0.45
OI-weighted, today
Vanna tilt
+0.69
δ-sensitivity to IV
Charm tilt
-0.76
δ-decay vs time
Vanna tilt +0.69: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.76: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 27 ATM contracts, 4k total OI
Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.
Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.
Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.
This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
as of Oct 21 · No data
30 DTE / 10d
—
—
pts
EXTREME
as of Oct 21 · ATM 19.4% / Wing —
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)
IV Rank (30 DTE)5.3LowOct 21
Straddle Price (30 DTE)$1.80Oct 21
Beta Analysis
Risk Metrics
Beta: 0.7884
Alpha: -7.39%
Correlation: 0.3555
R-Squared: 12.6%
Stock Volatility: 28.2%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Low volatility - stock moves less than market
Beta & Alpha Over Time
SGOL Institutional Ownership (13F)
Latest filings — 2026-09-30Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
4 filers$10.76M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Jane Street Group, LLC Custodian | $3.88M | 36.11% | 2026-06-30 |
| 2 | Citadel Advisors LLC Custodian | $3.74M | 34.79% | 2026-06-30 |
| 3 | Susquehanna International Group, LLP Custodian | $1.58M | 14.64% | 2026-06-30 |
| 4 | Wolverine Trading, LLC Custodian | $1.56M | 14.46% | 2025-09-30 |
4 filers$4.68M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Citadel Advisors LLC Custodian | $1.99M | 42.50% | 2026-06-30 |
| 2 | Jane Street Group, LLC Custodian | $1.55M | 33.19% | 2026-06-30 |
| 3 | Susquehanna International Group, LLP Custodian | $764.60K | 16.35% | 2026-06-30 |
| 4 | Wolverine Trading, LLC Custodian | $372.40K | 7.96% | 2025-09-30 |
Short Interest & Float
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
Metric definitions
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
Short Interest
962.78K
SI % of Float
0.55%
Days to Cover
1.00
Short Vol Ratio
59.2%
Free Float
—
Float %
—
Short interest 2026-09-30 • Short volume 2026-10-21
Constituent Performance
Click any bar to view the full quote for that stock.
Constituents
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|