iShares Gold Trust Micro (NYSEARCA:IAUM – Get Free Report) saw a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 1,040,600 shares, a growth of 28.2% from the December 31st total of 811,476 shares. Based on an average daily volume of 2,896,065 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.7% of the company’s stock are sold short. Currently, 0.7% of the company’s stock are sold short. Based on an average daily volume of 2,896,065 shares, the days-to-cover ratio is presently 0.4 days.
iShares Gold Trust Micro Stock Performance
Shares of IAUM stock opened at $49.27 on Wednesday. The firm has a fifty day simple moving average of $44.94 and a 200-day simple moving average of $39.98. iShares Gold Trust Micro has a twelve month low of $28.25 and a twelve month high of $55.27.
Hedge Funds Weigh In On iShares Gold Trust Micro
Institutional investors and hedge funds have recently made changes to their positions in the business. NewEdge Advisors LLC boosted its stake in iShares Gold Trust Micro by 15.4% during the 1st quarter. NewEdge Advisors LLC now owns 30,731 shares of the company’s stock valued at $958,000 after acquiring an additional 4,108 shares during the last quarter. Goldman Sachs Group Inc. acquired a new position in iShares Gold Trust Micro in the first quarter valued at approximately $7,793,000. Wealth Enhancement Advisory Services LLC acquired a new position in iShares Gold Trust Micro during the 2nd quarter valued at approximately $288,000. Truist Financial Corp acquired a new position in shares of iShares Gold Trust Micro during the second quarter valued at $4,589,000. Finally, Ameritas Advisory Services LLC acquired a new stake in iShares Gold Trust Micro in the second quarter worth about $76,000.
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.
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