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 drop in short interest in June. As of June 30th, there was short interest totaling 22,292 shares, a drop of 41.2% from the June 15th total of 37,881 shares. Based on an average daily trading volume, of 41,415 shares, the short-interest ratio is presently 0.5 days. Approximately 0.5% of the shares of the stock are short sold.

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

Shares of GOAU stock traded down $0.36 during midday trading on Friday, reaching $35.01. 31,173 shares of the company traded hands, compared to its average volume of 39,616. The firm’s 50 day simple moving average is $40.05 and its two-hundred day simple moving average is $44.75. U.S. Global GO GOLD and Precious Metal Miners ETF has a 1-year low of $28.27 and a 1-year high of $57.09. The firm has a market cap of $155.44 million, a PE ratio of 22.28 and a beta of 0.68.

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

An institutional investor recently bought a new position in U.S. Global GO GOLD and Precious Metal Miners ETF stock. Beaumont Financial Advisors LLC bought a new position in shares of U.S. Global GO GOLD and Precious Metal Miners ETF (NYSEARCA:GOAU) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,541 shares of the company’s stock, valued at approximately $201,000. Beaumont Financial Advisors LLC owned approximately 0.10% of U.S. Global GO GOLD and Precious Metal Miners ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

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.