GraniteShares Gold Trust (NYSEARCA:BAR) Short Interest Update

GraniteShares Gold Trust (NYSEARCA:BARGet Free Report) was the recipient of a large drop in short interest in the month of February. As of February 13th, there was short interest totaling 295,361 shares, a drop of 56.3% from the January 29th total of 676,288 shares. Based on an average daily trading volume, of 1,687,361 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.8% of the shares of the stock are short sold. Currently, 0.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,687,361 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of GraniteShares Gold Trust

Institutional investors and hedge funds have recently bought and sold shares of the company. Archer Investment Corp bought a new position in shares of GraniteShares Gold Trust in the 2nd quarter worth approximately $30,000. Global Retirement Partners LLC purchased a new stake in shares of GraniteShares Gold Trust in the fourth quarter worth about $47,000. Advisory Services Network LLC bought a new position in GraniteShares Gold Trust during the third quarter valued at approximately $81,000. Tucker Asset Management LLC purchased a new position in shares of GraniteShares Gold Trust in the fourth quarter valued at $98,000. Finally, Kestra Advisory Services LLC purchased a new position in shares of GraniteShares Gold Trust in the 4th quarter worth $156,000.

GraniteShares Gold Trust Stock Performance

BAR traded up $0.52 during trading on Friday, reaching $51.71. 207,290 shares of the stock traded hands, compared to its average volume of 1,805,915. GraniteShares Gold Trust has a 12 month low of $27.95 and a 12 month high of $54.63. The stock’s 50-day moving average is $47.07 and its 200 day moving average is $41.38.

More GraniteShares Gold Trust News

Here are the key news stories impacting GraniteShares Gold Trust this week:

GraniteShares Gold Trust Company Profile

(Get Free Report)

The GraniteShares Gold Trust (BAR) is an exchange-traded fund that is based on the LBMA Gold Price index. The fund tracks the gold spot price, less trust expenses and liabilities, using physically held gold stored and secured in vaults in London. BAR was launched on Aug 31, 2017 and is managed by GraniteShares.

Further Reading

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