U.S. Global GO GOLD and Precious Metal Miners ETF (NYSEARCA:GOAU) Short Interest Update

U.S. Global GO GOLD and Precious Metal Miners ETF (NYSEARCA:GOAU) saw a significant decline in short interest in the month of April. As of April 30th, there was short interest totaling 17,492 shares, a decline of 55.7% from the April 15th total of 39,442 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average daily volume of 26,870 shares, the short-interest ratio is presently 0.7 days.

Hedge Funds Weigh In On U.S. Global GO GOLD and Precious Metal Miners ETF

A hedge fund recently raised its stake in U.S. Global GO GOLD and Precious Metal Miners ETF stock. Principia Wealth Advisory LLC increased its position in shares of U.S. Global GO GOLD and Precious Metal Miners ETF (NYSEARCA:GOAU) by 1.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 68,792 shares of the company’s stock after buying an additional 1,077 shares during the period. U.S. Global GO GOLD and Precious Metal Miners ETF accounts for 0.8% of Principia Wealth Advisory LLC’s holdings, making the stock its 16th biggest holding. Principia Wealth Advisory LLC owned about 1.55% of U.S. Global GO GOLD and Precious Metal Miners ETF worth $2,928,000 at the end of the most recent reporting period.

U.S. Global GO GOLD and Precious Metal Miners ETF Price Performance

NYSEARCA GOAU traded down $3.13 during mid-day trading on Friday, reaching $42.37. 45,594 shares of the stock were exchanged, compared to its average volume of 40,424. U.S. Global GO GOLD and Precious Metal Miners ETF has a one year low of $25.53 and a one year high of $57.09. The stock has a 50 day simple moving average of $45.14 and a 200-day simple moving average of $45.03. The stock has a market cap of $188.12 million, a P/E ratio of 22.28 and a beta of 0.65.

About U.S. Global GO GOLD and Precious Metal Miners ETF

The U.S. Global GO GOLD and Precious Metal Miners ETF (GOAU) is an exchange-traded fund that mostly invests in materials equity. The fund tracks an index of 28 precious metal mining firms listed in the US, Canada, Australia, Hong Kong or South Africa. Holdings are selected by fundamental factors and weighted in fixed tiers. GOAU was launched on Jun 27, 2017 and is managed by US Global.