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

iShares Gold Trust Micro (NYSEARCA:IAUM) was the target of a large 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. Currently, 3.4% of the shares of the stock are sold short. Based on an average trading volume of 2,442,931 shares, the short-interest ratio is currently 2.2 days.

Institutional Trading of iShares Gold Trust Micro

Several large investors have recently made changes to their positions in the business. Fairman Group LLC lifted its position in iShares Gold Trust Micro by 508.2% during the 1st quarter. Fairman Group LLC now owns 596 shares of the company’s stock worth $28,000 after buying an additional 498 shares in the last quarter. US Bancorp DE bought a new stake in iShares Gold Trust Micro during the 3rd quarter worth about $28,000. International Assets Investment Management LLC bought a new position in shares of iShares Gold Trust Micro in the first quarter worth about $36,000. Compass Financial Management LLC bought a new position in shares of iShares Gold Trust Micro in the second quarter worth about $37,000. Finally, Advisors Preferred LLC lifted its position in shares of iShares Gold Trust Micro by 532.8% during the first quarter. Advisors Preferred LLC now owns 829 shares of the company’s stock worth $39,000 after purchasing an additional 698 shares in the last quarter.

iShares Gold Trust Micro Stock Down 1.5%

IAUM stock opened at $45.79 on Thursday. The business has a fifty day moving average price of $41.79 and a 200 day moving average price of $45.25. iShares Gold Trust Micro has a fifty-two week low of $33.66 and a fifty-two week high of $55.27.

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.