iShares Gold Trust Micro (NYSEARCA:IAUM) Sees Significant Increase in Short Interest

iShares Gold Trust Micro (NYSEARCA:IAUM) was the recipient of a large increase in short interest in June. As of June 30th, there was short interest totaling 470,397 shares, an increase of 89.4% from the June 15th total of 248,322 shares. Based on an average daily trading volume, of 2,348,769 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.3% of the shares of the company are sold short.

Institutional Investors Weigh In On iShares Gold Trust Micro

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Rooted Wealth Advisors Inc. increased its holdings in iShares Gold Trust Micro by 0.8% in the 4th quarter. Rooted Wealth Advisors Inc. now owns 24,242 shares of the company’s stock valued at $1,042,000 after buying an additional 203 shares during the period. Bedminster LLC raised its position in shares of iShares Gold Trust Micro by 3.3% in the 1st quarter. Bedminster LLC now owns 6,832 shares of the company’s stock valued at $319,000 after buying an additional 218 shares in the last quarter. Beckerman Institutional LLC lifted its holdings in shares of iShares Gold Trust Micro by 2.9% during the 4th quarter. Beckerman Institutional LLC now owns 8,977 shares of the company’s stock worth $386,000 after acquiring an additional 252 shares during the period. SteelPeak Wealth LLC lifted its holdings in shares of iShares Gold Trust Micro by 0.5% during the 4th quarter. SteelPeak Wealth LLC now owns 59,757 shares of the company’s stock worth $2,569,000 after acquiring an additional 282 shares during the period. Finally, Bay Rivers Group boosted its position in shares of iShares Gold Trust Micro by 3.6% during the 2nd quarter. Bay Rivers Group now owns 8,677 shares of the company’s stock worth $347,000 after acquiring an additional 301 shares in the last quarter.

iShares Gold Trust Micro Stock Down 1.9%

IAUM stock traded down $0.77 during trading hours on Thursday, hitting $39.64. 1,441,355 shares of the stock were exchanged, compared to its average volume of 5,116,780. iShares Gold Trust Micro has a 12 month low of $32.58 and a 12 month high of $55.27. The company has a 50-day simple moving average of $43.03 and a two-hundred day simple moving average of $46.17.

iShares Gold Trust Micro Company Profile

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.