iShares Gold Trust Micro (NYSEARCA:IAUM) Short Interest Update

iShares Gold Trust Micro (NYSEARCA:IAUM) was the target of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 1,013,148 shares, an increase of 121.1% from the April 30th total of 458,189 shares. Based on an average trading volume of 1,554,458 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.6% of the shares of the company are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Decker Retirement Planning Inc. purchased a new stake in iShares Gold Trust Micro during the fourth quarter worth about $28,000. Fairman Group LLC boosted its holdings in iShares Gold Trust Micro by 508.2% during the first quarter. Fairman Group LLC now owns 596 shares of the company’s stock worth $28,000 after buying an additional 498 shares in the last quarter. US Bancorp DE purchased a new stake in iShares Gold Trust Micro during the third quarter worth about $28,000. International Assets Investment Management LLC purchased a new stake in iShares Gold Trust Micro during the first quarter worth about $36,000. Finally, Advisors Preferred LLC boosted its holdings in iShares Gold Trust Micro by 532.8% during the first quarter. Advisors Preferred LLC now owns 829 shares of the company’s stock worth $39,000 after buying an additional 698 shares in the last quarter.

iShares Gold Trust Micro Trading Up 1.1%

Shares of iShares Gold Trust Micro stock traded up $0.49 on Friday, reaching $45.29. 2,282,632 shares of the stock were exchanged, compared to its average volume of 5,988,393. iShares Gold Trust Micro has a 1-year low of $32.46 and a 1-year high of $55.27. The business has a fifty day moving average price of $46.15 and a two-hundred day moving average price of $46.24.

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.