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

iShares Gold Trust Micro (NYSEARCA:IAUM) was the recipient of a large decrease in short interest in January. As of January 30th, there was short interest totaling 769,224 shares, a decrease of 26.1% from the January 15th total of 1,040,600 shares. Based on an average trading volume of 18,242,284 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.5% of the company’s stock are short sold. Approximately 0.5% of the company’s stock are short sold. Based on an average trading volume of 18,242,284 shares, the days-to-cover ratio is presently 0.0 days.

iShares Gold Trust Micro Price Performance

IAUM opened at $50.17 on Friday. iShares Gold Trust Micro has a fifty-two week low of $28.25 and a fifty-two week high of $55.27. The company’s 50-day moving average is $46.18 and its 200 day moving average is $40.78.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in IAUM. Decker Retirement Planning Inc. purchased a new stake in iShares Gold Trust Micro in the fourth quarter worth about $28,000. US Bancorp DE bought a new position in shares of iShares Gold Trust Micro during the third quarter valued at approximately $28,000. Rossby Financial LCC lifted its holdings in iShares Gold Trust Micro by 1,558.6% in the second quarter. Rossby Financial LCC now owns 1,161 shares of the company’s stock valued at $38,000 after acquiring an additional 1,091 shares during the period. Imprint Wealth LLC bought a new stake in iShares Gold Trust Micro in the 3rd quarter worth approximately $44,000. Finally, Tradewinds Capital Management LLC raised its stake in iShares Gold Trust Micro by 58.0% during the fourth quarter. Tradewinds Capital Management LLC now owns 1,100 shares of the company’s stock valued at $47,000 after purchasing an additional 404 shares in the last quarter.

iShares Gold Trust Micro Company Profile

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.