Short Interest in iShares Gold Trust Micro (NYSEARCA:IAUM) Declines By 39.0%

iShares Gold Trust Micro (NYSEARCA:IAUM) was the recipient of a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 617,645 shares, a decline of 39.0% from the May 14th total of 1,013,148 shares. Based on an average daily trading volume, of 2,778,230 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.4% of the company’s shares are short sold.

Hedge Funds Weigh In On iShares Gold Trust Micro

Large investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC raised its position 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 purchasing an additional 4,108 shares during the last quarter. Goldman Sachs Group Inc. purchased a new stake in iShares Gold Trust Micro during the 1st quarter valued at about $7,793,000. Cerity Partners LLC increased its position in shares of iShares Gold Trust Micro by 4.3% during the second quarter. Cerity Partners LLC now owns 18,283 shares of the company’s stock valued at $603,000 after acquiring an additional 750 shares in the last quarter. Raymond James Financial Inc. raised its stake in shares of iShares Gold Trust Micro by 29.2% in the second quarter. Raymond James Financial Inc. now owns 150,685 shares of the company’s stock worth $4,971,000 after purchasing an additional 34,072 shares during the last quarter. Finally, Jane Street Group LLC purchased a new position in iShares Gold Trust Micro in the 2nd quarter worth about $13,766,000.

iShares Gold Trust Micro Stock Up 0.3%

Shares of IAUM traded up $0.11 during trading hours on Tuesday, reaching $43.18. 1,493,702 shares of the stock traded hands, compared to its average volume of 5,630,434. iShares Gold Trust Micro has a 52 week low of $32.46 and a 52 week high of $55.27. The stock has a fifty day simple moving average of $45.61 and a 200 day simple moving average of $46.46.

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.