U.S. Global GO GOLD and Precious Metal Miners ETF (NYSEARCA:GOAU) Sees Significant Increase in Short Interest

U.S. Global GO GOLD and Precious Metal Miners ETF (NYSEARCA:GOAU – Get Free Report) was the recipient of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 23,427 shares, an increase of 429.1% from the September 15th total of 4,428 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average daily volume of 21,756 shares, the short-interest ratio is presently 1.1 days.

Institutional Inflows and Outflows

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

U.S. Global GO GOLD and Precious Metal Miners ETF Price Performance

GOAU stock traded down $0.29 during trading hours on Monday, reaching $43.27. 5,355 shares of the stock were exchanged, compared to its average volume of 34,846. The firm’s 50-day moving average is $45.90 and its 200-day moving average is $42.87. U.S. Global GO GOLD and Precious Metal Miners ETF has a 12 month low of $34.34 and a 12 month high of $57.09. The company has a market cap of $192.12 million, a price-to-earnings ratio of 22.28 and a beta of 0.71.

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

(Get Free Report)

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.

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