U.S. Global GO GOLD and Precious Metal Miners ETF (NYSEARCA:GOAU) Stock Short Interest Declines 68.2%

U.S. Global GO GOLD and Precious Metal Miners ETF (NYSEARCA:GOAU) was the target of a significant drop in short interest in the month of October. As of October 30th, there was short interest totaling 9,032 shares, a drop of 68.2% from the October 15th total of 28,402 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 11,408 shares, the days-to-cover ratio is currently 0.8 days.

U.S. Global GO GOLD and Precious Metal Miners ETF Stock Down 0.1%

GOAU traded down $0.05 during midday trading on Friday, hitting $40.41. The company had a trading volume of 8,513 shares, compared to its average volume of 32,699. The stock’s 50 day moving average price is $43.55 and its 200 day moving average price is $43.94. U.S. Global GO GOLD and Precious Metal Miners ETF has a 52 week low of $34.34 and a 52 week high of $57.09. The company has a market capitalization of $179.43 million, a price-to-earnings ratio of 14.20 and a beta of 0.70.

Institutional Trading of U.S. Global GO GOLD and Precious Metal Miners ETF

Large investors have recently made changes to their positions in the company. North Star Investment Management Corp. bought a new stake in U.S. Global GO GOLD and Precious Metal Miners ETF in the 3rd quarter valued at about $43,000. Beaumont Financial Advisors LLC acquired a new position in U.S. Global GO GOLD and Precious Metal Miners ETF during the 1st quarter worth approximately $201,000. TIAA CREF Individual & Institutional Services LLC bought a new position in U.S. Global GO GOLD and Precious Metal Miners ETF in the third quarter worth approximately $215,000. Compass Financial Management LLC boosted its holdings in U.S. Global GO GOLD and Precious Metal Miners ETF by 63,938.5% in the third quarter. Compass Financial Management LLC now owns 8,325 shares of the company’s stock worth $359,000 after acquiring an additional 8,312 shares in the last quarter. Finally, Principia Wealth Advisory LLC boosted its holdings in U.S. Global GO GOLD and Precious Metal Miners ETF by 6.3% in the second quarter. Principia Wealth Advisory LLC now owns 63,636 shares of the company’s stock worth $2,367,000 after acquiring an additional 3,746 shares in the last quarter.

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.