iShares Gold Trust Micro (NYSEARCA:IAUM) Sees Large Increase in Short Interest
by Doug Wharley · The Cerbat GemiShares Gold Trust Micro (NYSEARCA:IAUM – Get Free Report) was the target of a significant growth in short interest in February. As of February 13th, there was short interest totaling 947,013 shares, a growth of 23.1% from the January 29th total of 769,224 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average trading volume of 11,030,252 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 11,030,252 shares, the short-interest ratio is currently 0.1 days. Approximately 0.6% of the shares of the stock are sold short.
iShares Gold Trust Micro Stock Performance
IAUM traded down $2.37 during trading on Tuesday, reaching $50.79. The stock had a trading volume of 12,525,493 shares, compared to its average volume of 9,437,427. The stock has a 50 day moving average of $47.99 and a two-hundred day moving average of $42.25. iShares Gold Trust Micro has a 1-year low of $28.72 and a 1-year high of $55.27.
Institutional Investors Weigh In On iShares Gold Trust Micro
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Sankala Group LLC bought a new position in shares of iShares Gold Trust Micro during the 4th quarter valued at about $1,540,000. Bauman Advisory Group LLC acquired a new stake in shares of iShares Gold Trust Micro during the 4th quarter valued at $4,779,000. Corient Private Wealth LLC bought a new stake in shares of iShares Gold Trust Micro during the 4th quarter worth $308,000. Vident Advisory LLC grew its holdings in shares of iShares Gold Trust Micro by 116.9% in the 4th quarter. Vident Advisory LLC now owns 1,711,783 shares of the company’s stock worth $73,590,000 after acquiring an additional 922,584 shares during the last quarter. Finally, Beacon Pointe Advisors LLC raised its position in shares of iShares Gold Trust Micro by 73.3% during the fourth quarter. Beacon Pointe Advisors LLC now owns 16,291 shares of the company’s stock worth $700,000 after purchasing an additional 6,891 shares during the period.
About iShares Gold Trust Micro
The iShares Gold Trust Micro (IAUM) 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 vaults. IAUM was launched on Jun 15, 2021 and is managed by BlackRock.