Short Interest in iShares Gold Trust Micro (NYSEARCA:IAUM) Increases By 172.6%

iShares Gold Trust Micro (NYSEARCA:IAUM) saw a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 811,476 shares, a growth of 172.6% from the December 15th total of 297,725 shares. Based on an average daily volume of 2,629,338 shares, the short-interest ratio is presently 0.3 days. Currently, 0.6% of the company’s shares are sold short. Currently, 0.6% of the company’s shares are sold short. Based on an average daily volume of 2,629,338 shares, the short-interest ratio is presently 0.3 days.

iShares Gold Trust Micro Stock Down 0.6%

Shares of NYSEARCA IAUM traded down $0.29 during midday trading on Thursday, reaching $45.91. 2,368,718 shares of the stock were exchanged, compared to its average volume of 2,831,780. The company has a 50 day simple moving average of $42.66 and a 200 day simple moving average of $38.40. iShares Gold Trust Micro has a twelve month low of $26.93 and a twelve month high of $46.28.

Institutional Trading of iShares Gold Trust Micro

Institutional investors and hedge funds have recently bought and sold shares of the business. Sumitomo Mitsui Trust Group Inc. increased its holdings in iShares Gold Trust Micro by 95.0% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,134,927 shares of the company’s stock worth $698,195,000 after purchasing an additional 8,834,927 shares during the period. Adventist Health System Sunbelt Healthcare Corp increased its stake in shares of iShares Gold Trust Micro by 92.3% during the third quarter. Adventist Health System Sunbelt Healthcare Corp now owns 6,660,684 shares of the company’s stock worth $256,436,000 after buying an additional 3,196,900 shares during the period. Bank of America Corp DE raised its holdings in iShares Gold Trust Micro by 22.0% in the third quarter. Bank of America Corp DE now owns 2,703,033 shares of the company’s stock valued at $104,067,000 after acquiring an additional 487,434 shares in the last quarter. Blue Trust Inc. lifted its stake in iShares Gold Trust Micro by 31.6% in the third quarter. Blue Trust Inc. now owns 1,823,937 shares of the company’s stock worth $70,222,000 after acquiring an additional 438,488 shares during the last quarter. Finally, AlTi Global Inc. purchased a new position in iShares Gold Trust Micro in the second quarter worth approximately $46,193,000.

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.