U.S. Global GO GOLD and Precious Metal Miners ETF (NYSEARCA:GOAU) Short Interest Update

U.S. Global GO GOLD and Precious Metal Miners ETF (NYSEARCA:GOAU) was the recipient of a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 6,207 shares, a decrease of 44.0% from the July 30th total of 11,081 shares. Based on an average daily volume of 32,571 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Investors Weigh In On U.S. Global GO GOLD and Precious Metal Miners ETF

A hedge fund recently bought a new stake in U.S. Global GO GOLD and Precious Metal Miners ETF stock. Beaumont Financial Advisors LLC purchased a new position in shares of U.S. Global GO GOLD and Precious Metal Miners ETF (NYSEARCA:GOAU) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 4,541 shares of the company’s stock, valued at approximately $201,000. Beaumont Financial Advisors LLC owned about 0.10% of U.S. Global GO GOLD and Precious Metal Miners ETF as of its most recent SEC filing.

U.S. Global GO GOLD and Precious Metal Miners ETF Stock Down 3.9%

NYSEARCA:GOAU traded down $1.98 during trading hours on Friday, reaching $48.90. 36,443 shares of the company’s stock were exchanged, compared to its average volume of 37,910. The firm has a market capitalization of $217.12 million, a price-to-earnings ratio of 22.28 and a beta of 0.69. The company has a 50-day moving average of $40.54 and a 200 day moving average of $43.61. U.S. Global GO GOLD and Precious Metal Miners ETF has a 1-year low of $32.30 and a 1-year high of $57.09.

About U.S. Global GO GOLD and Precious Metal Miners ETF

The U.S. Global GO GOLD and Precious Metal Miners ETF (GOAU) is an exchange-traded fund that mostly invests in materials equity. The fund tracks an index of 28 precious metal mining firms listed in the US, Canada, Australia, Hong Kong or South Africa. Holdings are selected by fundamental factors and weighted in fixed tiers. GOAU was launched on Jun 27, 2017 and is managed by US Global.