U.S. Global GO GOLD and Precious Metal Miners ETF (NYSEARCA:GOAU) Short Interest Down 44.0% in August

U.S. Global GO GOLD and Precious Metal Miners ETF (NYSEARCA:GOAU) was the recipient of a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 6,207 shares, a drop of 44.0% from the July 30th total of 11,081 shares. Based on an average daily volume of 32,571 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are short sold.

U.S. Global GO GOLD and Precious Metal Miners ETF Trading Down 0.2%

U.S. Global GO GOLD and Precious Metal Miners ETF stock traded down $0.10 during mid-day trading on Monday, reaching $48.80. The company’s stock had a trading volume of 21,093 shares, compared to its average volume of 37,808. The firm has a market cap of $216.67 million, a price-to-earnings ratio of 22.28 and a beta of 0.69. The business has a 50 day moving average price of $40.71 and a 200-day moving average price of $43.55. U.S. Global GO GOLD and Precious Metal Miners ETF has a twelve month low of $32.30 and a twelve month high of $57.09.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in U.S. Global GO GOLD and Precious Metal Miners ETF stock. Beaumont Financial Advisors LLC acquired a new stake in shares of U.S. Global GO GOLD and Precious Metal Miners ETF (NYSEARCA:GOAU) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 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.

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.