U.S. Global GO GOLD and Precious Metal Miners ETF (NYSEARCA:GOAU) Sees Significant Decline in Short Interest

U.S. Global GO GOLD and Precious Metal Miners ETF (NYSEARCA:GOAU) was the recipient of a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 4,428 shares, a decrease of 82.6% from the August 31st total of 25,464 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 18,595 shares, the short-interest ratio is presently 0.2 days.

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

Shares of U.S. Global GO GOLD and Precious Metal Miners ETF stock opened at $45.46 on Friday. U.S. Global GO GOLD and Precious Metal Miners ETF has a 1 year low of $34.34 and a 1 year high of $57.09. The company has a market capitalization of $201.84 million, a P/E ratio of 22.28 and a beta of 0.74. The company’s fifty day moving average is $44.44 and its two-hundred day moving average is $43.02.

Institutional Investors Weigh In On U.S. Global GO GOLD and Precious Metal Miners ETF

A hedge fund recently bought a new stake in U.S. Global GO GOLD and Precious Metal Miners ETF stock. Beaumont Financial Advisors LLC purchased a new position in shares of U.S. Global GO GOLD and Precious Metal Miners ETF (NYSEARCA:GOAU) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 4,541 shares of the company’s stock, valued at approximately $201,000. Beaumont Financial Advisors LLC owned about 0.10% of U.S. Global GO GOLD and Precious Metal Miners ETF as of its most recent SEC filing.

U.S. Global GO GOLD and Precious Metal Miners ETF Company Profile

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.