Short Interest in GraniteShares Gold Trust (NYSEARCA:BAR) Declines By 13.0%

GraniteShares Gold Trust (NYSEARCA:BARGet Free Report) saw a significant drop in short interest in the month of January. As of January 15th, there was short interest totaling 272,598 shares, a drop of 13.0% from the December 31st total of 313,423 shares. Approximately 0.8% of the company’s stock are short sold. Based on an average daily volume of 781,770 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 781,770 shares, the short-interest ratio is currently 0.3 days. Approximately 0.8% of the company’s stock are short sold.

Key Headlines Impacting GraniteShares Gold Trust

Here are the key news stories impacting GraniteShares Gold Trust this week:

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Archer Investment Corp purchased a new stake in GraniteShares Gold Trust during the 2nd quarter worth approximately $30,000. Advisory Services Network LLC bought a new stake in shares of GraniteShares Gold Trust in the third quarter worth $81,000. Investment Management Corp VA ADV bought a new stake in shares of GraniteShares Gold Trust in the fourth quarter worth $209,000. IFP Advisors Inc raised its holdings in GraniteShares Gold Trust by 7.0% in the second quarter. IFP Advisors Inc now owns 5,077 shares of the company’s stock valued at $166,000 after acquiring an additional 333 shares in the last quarter. Finally, Citadel Advisors LLC bought a new stake in shares of GraniteShares Gold Trust in the 3rd quarter worth about $201,000.

GraniteShares Gold Trust Stock Up 6.3%

BAR opened at $48.72 on Wednesday. GraniteShares Gold Trust has a twelve month low of $27.95 and a twelve month high of $54.63. The company has a fifty day simple moving average of $44.42 and a 200 day simple moving average of $39.53.

GraniteShares Gold Trust Company Profile

(Get Free Report)

The GraniteShares Gold Trust (BAR) is an exchange-traded fund that is based on the LBMA Gold Price index. The fund tracks the gold spot price, less trust expenses and liabilities, using physically held gold stored and secured in vaults in London. BAR was launched on Aug 31, 2017 and is managed by GraniteShares.

See Also

Receive News & Ratings for GraniteShares Gold Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GraniteShares Gold Trust and related companies with MarketBeat.com's FREE daily email newsletter.