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

iShares Gold Trust Micro (NYSEARCA:IAUM) saw a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 5,361,207 shares, an increase of 274.5% from the July 30th total of 1,431,442 shares. Approximately 3.4% of the shares of the company are sold short. Based on an average trading volume of 2,442,931 shares, the days-to-cover ratio is presently 2.2 days.

iShares Gold Trust Micro Trading Down 3.2%

NYSEARCA:IAUM traded down $1.47 on Friday, hitting $44.46. The stock had a trading volume of 8,634,015 shares, compared to its average volume of 4,639,236. The business’s 50-day simple moving average is $41.87 and its two-hundred day simple moving average is $45.23. iShares Gold Trust Micro has a 52-week low of $34.07 and a 52-week high of $55.27.

Institutional Trading of iShares Gold Trust Micro

Several large investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC boosted its stake in shares of iShares Gold Trust Micro by 15.4% during the 1st quarter. NewEdge Advisors LLC now owns 30,731 shares of the company’s stock worth $958,000 after acquiring an additional 4,108 shares during the last quarter. Goldman Sachs Group Inc. bought a new position in iShares Gold Trust Micro in the 1st quarter worth $7,793,000. Cerity Partners LLC lifted its position in iShares Gold Trust Micro by 4.3% during the second quarter. Cerity Partners LLC now owns 18,283 shares of the company’s stock valued at $603,000 after purchasing an additional 750 shares in the last quarter. Raymond James Financial Inc. grew its holdings in iShares Gold Trust Micro by 29.2% during the second quarter. Raymond James Financial Inc. now owns 150,685 shares of the company’s stock valued at $4,971,000 after purchasing an additional 34,072 shares during the period. Finally, Jane Street Group LLC purchased a new stake in iShares Gold Trust Micro in the second quarter worth about $13,766,000.

iShares Gold Trust Micro Company Profile

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.