iShares Gold Trust Micro (NYSEARCA:IAUM) Sees Large Increase in Short Interest

iShares Gold Trust Micro (NYSEARCA:IAUMGet Free Report) was the target of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 470,397 shares, an increase of 89.4% from the June 15th total of 248,322 shares. Based on an average trading volume of 2,348,769 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.3% of the shares of the company are short sold.

Hedge Funds Weigh In On iShares Gold Trust Micro

Large investors have recently modified their holdings of the business. NewEdge Advisors LLC boosted its stake in shares of iShares Gold Trust Micro by 15.4% in the first quarter. NewEdge Advisors LLC now owns 30,731 shares of the company’s stock valued at $958,000 after buying an additional 4,108 shares in the last quarter. Goldman Sachs Group Inc. purchased a new position in iShares Gold Trust Micro in the first quarter worth $7,793,000. Cerity Partners LLC raised its position in iShares Gold Trust Micro by 4.3% in the second quarter. Cerity Partners LLC now owns 18,283 shares of the company’s stock worth $603,000 after acquiring an additional 750 shares in the last quarter. Raymond James Financial Inc. lifted its holdings in iShares Gold Trust Micro by 29.2% in the second quarter. Raymond James Financial Inc. now owns 150,685 shares of the company’s stock valued at $4,971,000 after acquiring an additional 34,072 shares during the period. Finally, Jane Street Group LLC acquired a new stake in iShares Gold Trust Micro in the second quarter valued at $13,766,000.

iShares Gold Trust Micro Price Performance

NYSEARCA IAUM opened at $40.00 on Friday. iShares Gold Trust Micro has a 52-week low of $32.58 and a 52-week high of $55.27. The firm has a 50-day moving average price of $42.75 and a 200 day moving average price of $46.08.

iShares Gold Trust Micro Company Profile

(Get Free Report)

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.

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