iShares Gold Trust Micro (NYSEARCA:IAUM) Sees Significant Decrease in Short Interest

iShares Gold Trust Micro (NYSEARCA:IAUM) was the recipient of a significant drop in short interest in January. As of January 30th, there was short interest totaling 769,224 shares, a drop of 26.1% from the January 15th total of 1,040,600 shares. Based on an average trading volume of 18,242,284 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.5% of the company’s stock are short sold. Approximately 0.5% of the company’s stock are short sold. Based on an average trading volume of 18,242,284 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Investors Weigh In On iShares Gold Trust Micro

A number of institutional investors have recently made changes to their positions in IAUM. NewEdge Advisors LLC raised its holdings in iShares Gold Trust Micro by 15.4% in the 1st quarter. NewEdge Advisors LLC now owns 30,731 shares of the company’s stock worth $958,000 after acquiring an additional 4,108 shares during the last quarter. Goldman Sachs Group Inc. bought a new stake in shares of iShares Gold Trust Micro in the 1st quarter worth $7,793,000. Brookstone Capital Management increased its holdings in shares of iShares Gold Trust Micro by 11.1% in the 2nd quarter. Brookstone Capital Management now owns 13,197 shares of the company’s stock worth $435,000 after purchasing an additional 1,323 shares in the last quarter. CAP Partners LLC raised its stake in shares of iShares Gold Trust Micro by 9.0% in the second quarter. CAP Partners LLC now owns 7,880 shares of the company’s stock worth $260,000 after purchasing an additional 652 shares during the last quarter. Finally, AlTi Global Inc. purchased a new position in shares of iShares Gold Trust Micro in the second quarter worth $46,193,000.

iShares Gold Trust Micro Stock Performance

iShares Gold Trust Micro stock traded up $1.20 during mid-day trading on Monday, reaching $50.17. The stock had a trading volume of 8,315,375 shares, compared to its average volume of 10,722,793. iShares Gold Trust Micro has a one year low of $28.25 and a one year high of $55.27. The company has a 50-day moving average price of $46.35 and a two-hundred day moving average price of $41.02.

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.