Short Interest in U.S. Global GO GOLD and Precious Metal Miners ETF (NYSEARCA:GOAU) Rises By 310.2%

U.S. Global GO GOLD and Precious Metal Miners ETF (NYSEARCA:GOAU) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 25,464 shares, a growth of 310.2% from the August 15th total of 6,207 shares. Approximately 0.6% of the company’s shares are short sold. Based on an average trading volume of 26,571 shares, the days-to-cover ratio is presently 1.0 days.

U.S. Global GO GOLD and Precious Metal Miners ETF Price Performance

Shares of NYSEARCA:GOAU opened at $47.77 on Friday. The business’s 50-day moving average is $42.69 and its 200-day moving average is $43.53. U.S. Global GO GOLD and Precious Metal Miners ETF has a 1 year low of $34.34 and a 1 year high of $57.09. The company has a market capitalization of $212.10 million, a price-to-earnings ratio of 22.28 and a beta of 0.74.

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 bought a new stake in U.S. Global GO GOLD and Precious Metal Miners ETF (NYSEARCA:GOAU) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 4,541 shares of the company’s stock, valued at approximately $201,000. Beaumont Financial Advisors LLC owned 0.10% of U.S. Global GO GOLD and Precious Metal Miners ETF at the end of the most recent reporting period.

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.