iShares Gold Trust Micro (NYSEARCA:IAUM) Sees Large Decrease in Short Interest

iShares Gold Trust Micro (NYSEARCA:IAUM) saw a significant decrease in short interest in September. As of September 15th, there was short interest totaling 1,139,378 shares, a decrease of 84.2% from the August 31st total of 7,213,068 shares. Based on an average daily trading volume, of 2,963,186 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.7% of the company’s shares are sold short.

iShares Gold Trust Micro Trading Down 0.1%

NYSEARCA IAUM traded down $0.03 on Friday, hitting $42.56. 375,752 shares of the stock were exchanged, compared to its average volume of 4,449,270. iShares Gold Trust Micro has a 52-week low of $37.41 and a 52-week high of $55.27. The company’s 50-day moving average price is $43.00 and its two-hundred day moving average price is $44.19.

Institutional Trading of iShares Gold Trust Micro

Large investors have recently added to or reduced their stakes in the business. Bank of America Corp DE raised its holdings in iShares Gold Trust Micro by 17.1% in the 1st quarter. Bank of America Corp DE now owns 3,424,139 shares of the company’s stock worth $159,907,000 after acquiring an additional 499,962 shares during the period. Vise Technologies Inc. boosted its holdings in iShares Gold Trust Micro by 168.7% during the fourth quarter. Vise Technologies Inc. now owns 45,483 shares of the company’s stock valued at $1,955,000 after acquiring an additional 28,554 shares during the period. Sankala Group LLC acquired a new stake in shares of iShares Gold Trust Micro in the fourth quarter valued at about $1,540,000. Fifth Third Bancorp grew its position in shares of iShares Gold Trust Micro by 4.7% in the first quarter. Fifth Third Bancorp now owns 834,143 shares of the company’s stock valued at $38,954,000 after purchasing an additional 37,074 shares during the last quarter. Finally, Sivia Capital Partners LLC bought a new position in shares of iShares Gold Trust Micro in the fourth quarter worth about $538,000.

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.