Strategy Shares Gold Enhanced Yield ETF (BATS:GOLY) Shares Shorted: Short Interest Down 96.8% in October

Strategy Shares Gold Enhanced Yield ETF (BATS:GOLY) was the target of a large drop in short interest in October. As of October 15th, there was short interest totaling 1,646 shares, a drop of 96.8% from the September 30th total of 52,042 shares. Based on an average trading volume of 22,422 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Citadel Advisors LLC increased its stake in Strategy Shares Gold Enhanced Yield ETF by 13.9% in the 2nd quarter. Citadel Advisors LLC now owns 19,777 shares of the company’s stock valued at $497,000 after buying an additional 2,410 shares during the last quarter. CoreCap Advisors LLC boosted its stake in shares of Strategy Shares Gold Enhanced Yield ETF by 20.1% in the 2nd quarter. CoreCap Advisors LLC now owns 3,276 shares of the company’s stock worth $82,000 after buying an additional 548 shares during the last quarter. NewEdge Advisors LLC boosted its stake in shares of Strategy Shares Gold Enhanced Yield ETF by 324.1% in the 1st quarter. NewEdge Advisors LLC now owns 25,118 shares of the company’s stock worth $740,000 after buying an additional 19,196 shares during the last quarter. Arkadios Wealth Advisors grew its holdings in shares of Strategy Shares Gold Enhanced Yield ETF by 23.8% in the first quarter. Arkadios Wealth Advisors now owns 11,272 shares of the company’s stock valued at $332,000 after acquiring an additional 2,168 shares in the last quarter. Finally, Cetera Investment Advisers grew its holdings in shares of Strategy Shares Gold Enhanced Yield ETF by 6.5% in the first quarter. Cetera Investment Advisers now owns 17,987 shares of the company’s stock valued at $530,000 after acquiring an additional 1,091 shares in the last quarter.

Strategy Shares Gold Enhanced Yield ETF Price Performance

GOLY traded up $0.03 during mid-day trading on Monday, reaching $23.49. 7,245 shares of the stock were exchanged, compared to its average volume of 50,952. Strategy Shares Gold Enhanced Yield ETF has a 1 year low of $23.30 and a 1 year high of $41.72. The company has a 50 day moving average price of $25.64 and a two-hundred day moving average price of $29.49.

About Strategy Shares Gold Enhanced Yield ETF

The Strategy Shares Gold-Hedged Bond ETF (GOLY) is an exchange-traded fund that is based on the Solactive Gold Backed Bond index. The fund tracks an index that provides broad exposure to USD-denominated investment grade corporate bonds while using near term gold futures to potentially hedge inflation risk. GOLY was launched on May 17, 2021 and is issued by Strategy Shares.