Short Interest in iShares Gold Trust (NYSEARCA:IAU) Drops By 50.0%
by Tristan Rich · The Markets DailyiShares Gold Trust (NYSEARCA:IAU – Get Free Report) was the target of a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 4,433,109 shares, a drop of 50.0% from the April 30th total of 8,867,127 shares. Currently, 0.5% of the company’s shares are sold short. Based on an average trading volume of 4,924,683 shares, the short-interest ratio is presently 0.9 days.
iShares Gold Trust Stock Performance
NYSEARCA:IAU traded down $0.91 during mid-day trading on Wednesday, hitting $83.52. The company had a trading volume of 2,800,927 shares, compared to its average volume of 12,306,557. iShares Gold Trust has a fifty-two week low of $61.37 and a fifty-two week high of $104.40. The business’s fifty day moving average is $87.07 and its two-hundred day moving average is $87.43. The firm has a market cap of $71.10 billion, a P/E ratio of 5.53 and a beta of 0.16.
More iShares Gold Trust News
Here are the key news stories impacting iShares Gold Trust this week:
- Negative Sentiment: Gold prices fell as stronger-than-expected U.S. services activity and labor-market data reduced hopes for near-term Fed rate cuts, increasing pressure on non-yielding assets like gold. Gold off session lows after ISM Services PMI rises to 54.5 in May
- Negative Sentiment: TD Securities cut its H2 2026 gold price forecasts, citing markets increasingly pricing in a Fed rate hike, which adds to bearish sentiment for gold and gold-backed funds. TD Securities cuts H2 2026 gold price forecasts as markets price in Fed rate hike
- Negative Sentiment: Gold has been drifting lower as Treasury yields rise and the dollar strengthens, while traders await Friday’s jobs report for the next major catalyst. Gold (XAUUSD) Price Forecast: Gold Price Falls as Fed Hike Fears Return
- Neutral Sentiment: Some analysts say gold remains in a broader consolidation pattern, with technical support still intact near recent levels and central-bank buying offering longer-term support. Gold Futures’ Technical Backdrop Likely Improved, Charts Show
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the company. Schmidt P J Investment Management Inc. grew its holdings in shares of iShares Gold Trust by 1.1% during the fourth quarter. Schmidt P J Investment Management Inc. now owns 9,362 shares of the exchange traded fund’s stock worth $760,000 after buying an additional 106 shares in the last quarter. Foster Group Inc. grew its stake in iShares Gold Trust by 2.4% in the fourth quarter. Foster Group Inc. now owns 5,126 shares of the exchange traded fund’s stock valued at $416,000 after purchasing an additional 120 shares in the last quarter. Haverford Trust Co grew its stake in iShares Gold Trust by 3.4% in the fourth quarter. Haverford Trust Co now owns 3,617 shares of the exchange traded fund’s stock valued at $294,000 after purchasing an additional 120 shares in the last quarter. Evolution Wealth Management Inc. grew its stake in iShares Gold Trust by 40.3% in the first quarter. Evolution Wealth Management Inc. now owns 432 shares of the exchange traded fund’s stock valued at $38,000 after purchasing an additional 124 shares in the last quarter. Finally, Brooks Moore & Associates Inc. grew its stake in iShares Gold Trust by 2.1% in the fourth quarter. Brooks Moore & Associates Inc. now owns 6,076 shares of the exchange traded fund’s stock valued at $493,000 after purchasing an additional 125 shares in the last quarter. 59.67% of the stock is currently owned by institutional investors.
iShares Gold Trust Company Profile
iShares Gold Trust (the Trust) is to own gold transferred to the Trust in exchange for shares issued by the Trust (Shares). Each Share represents a fractional undivided beneficial interest in the net assets of the Trust. The assets of the Trust consist of gold held by the Trust’s custodian on behalf of the Trust. The sponsor of the Trust is iShares Delaware Trust Sponsor LLC (the Sponsor), which is an indirect subsidiary of BlackRock, Inc The trustee of the Trust is The Bank of New York Mellon (the Trustee) and the custodian of the Trust is JPMorgan Chase Bank N.A., London branch (the Custodian).