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

iShares Gold Trust Micro (NYSEARCA:IAUM) saw a large growth in short interest in February. As of February 13th, there was short interest totaling 947,013 shares, a growth of 23.1% from the January 29th total of 769,224 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average daily trading volume, of 11,030,252 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 11,030,252 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.6% of the shares of the company are sold short.

iShares Gold Trust Micro Stock Performance

iShares Gold Trust Micro stock traded down $2.37 during midday trading on Tuesday, reaching $50.79. 12,525,493 shares of the stock were exchanged, compared to its average volume of 9,437,427. iShares Gold Trust Micro has a 52 week low of $28.72 and a 52 week high of $55.27. The company’s fifty day moving average is $47.99 and its 200-day moving average is $42.25.

Hedge Funds Weigh In On iShares Gold Trust Micro

Several institutional investors and hedge funds have recently bought and sold shares of IAUM. Fifth Third Wealth Advisors LLC lifted its position in iShares Gold Trust Micro by 16.6% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 135,565 shares of the company’s stock valued at $5,219,000 after purchasing an additional 19,268 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of iShares Gold Trust Micro by 94.8% in the third quarter. Envestnet Asset Management Inc. now owns 204,003 shares of the company’s stock valued at $7,854,000 after purchasing an additional 99,268 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in shares of iShares Gold Trust Micro during the third quarter valued at approximately $790,000. Atria Investments Inc acquired a new position in iShares Gold Trust Micro during the 2nd quarter worth $300,000. Finally, Fifth Third Bancorp grew its stake in shares of iShares Gold Trust Micro by 8.2% in the third quarter. Fifth Third Bancorp now owns 762,747 shares of the company’s stock worth $29,366,000 after purchasing an additional 57,567 shares in the last quarter.

About iShares Gold Trust Micro

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.