iShares Gold Trust Micro (NYSEARCA:IAUM – Get Free Report) was the target of a large increase in short interest in August. As of August 14th, there was short interest totaling 5,361,207 shares, an increase of 274.5% from the July 30th total of 1,431,442 shares. Currently, 3.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,442,931 shares, the days-to-cover ratio is currently 2.2 days.
iShares Gold Trust Micro Trading Down 1.5%
Shares of NYSEARCA:IAUM opened at $45.79 on Thursday. The business’s fifty day moving average price is $41.79 and its two-hundred day moving average price is $45.25. iShares Gold Trust Micro has a fifty-two week low of $33.66 and a fifty-two week high of $55.27.
Institutional Investors Weigh In On iShares Gold Trust Micro
Several institutional investors and hedge funds have recently made changes to their positions in the company. Avos Capital Management LLC grew its holdings in shares of iShares Gold Trust Micro by 18.0% in the 2nd quarter. Avos Capital Management LLC now owns 13,555 shares of the company’s stock worth $542,000 after purchasing an additional 2,068 shares during the last quarter. Compass Financial Management LLC bought a new position in iShares Gold Trust Micro during the 2nd quarter valued at about $37,000. KFG Wealth Management LLC acquired a new position in iShares Gold Trust Micro in the second quarter valued at about $333,000. Orion Capital Management LLC boosted its position in iShares Gold Trust Micro by 67.1% in the second quarter. Orion Capital Management LLC now owns 5,887 shares of the company’s stock valued at $236,000 after buying an additional 2,364 shares in the last quarter. Finally, Firestone Capital Management boosted its position in iShares Gold Trust Micro by 112.6% in the second quarter. Firestone Capital Management now owns 65,787 shares of the company’s stock valued at $2,632,000 after buying an additional 34,849 shares in the last quarter.
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.
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