U.S. Global GO GOLD and Precious Metal Miners ETF (NYSEARCA:GOAU) Short Interest Update

U.S. Global GO GOLD and Precious Metal Miners ETF (NYSEARCA:GOAU) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 25,464 shares, a growth of 310.2% from the August 15th total of 6,207 shares. Based on an average trading volume of 26,571 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.6% of the shares of the stock are short sold.

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

A hedge fund recently raised its position in U.S. Global GO GOLD and Precious Metal Miners ETF stock. Principia Wealth Advisory LLC raised its holdings in shares of U.S. Global GO GOLD and Precious Metal Miners ETF (NYSEARCA:GOAU) by 6.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 63,636 shares of the company’s stock after buying an additional 3,746 shares during the period. U.S. Global GO GOLD and Precious Metal Miners ETF comprises approximately 0.5% of Principia Wealth Advisory LLC’s investment portfolio, making the stock its 25th biggest position. Principia Wealth Advisory LLC owned approximately 1.43% of U.S. Global GO GOLD and Precious Metal Miners ETF worth $2,367,000 as of its most recent SEC filing.

U.S. Global GO GOLD and Precious Metal Miners ETF Trading Up 0.3%

NYSEARCA:GOAU traded up $0.15 during midday trading on Friday, hitting $47.77. 7,757 shares of the stock were exchanged, compared to its average volume of 36,981. The company has a market capitalization of $212.10 million, a price-to-earnings ratio of 22.28 and a beta of 0.74. U.S. Global GO GOLD and Precious Metal Miners ETF has a one year low of $34.34 and a one year high of $57.09. The business has a 50-day moving average price of $42.69 and a two-hundred day moving average price of $43.53.

U.S. Global GO GOLD and Precious Metal Miners ETF Company Profile

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.