iShares Gold Trust Micro (NYSEARCA:IAUM) Shares Shorted: Short Interest Down 84.2% in September

by · The Markets Daily

iShares Gold Trust Micro (NYSEARCA:IAUM – Get Free Report) was the recipient of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 1,139,378 shares, a decrease of 84.2% from the August 31st total of 7,213,068 shares. Approximately 0.7% of the shares of the company are short sold. Based on an average trading volume of 2,963,186 shares, the days-to-cover ratio is presently 0.4 days.

Hedge Funds Weigh In On iShares Gold Trust Micro

A number of institutional investors have recently modified their holdings of the stock. Bank of America Corp DE grew its holdings in iShares Gold Trust Micro by 17.1% during the first quarter. Bank of America Corp DE now owns 3,424,139 shares of the company’s stock worth $159,907,000 after acquiring an additional 499,962 shares during the period. Vise Technologies Inc. lifted its holdings in iShares Gold Trust Micro by 168.7% in the fourth quarter. Vise Technologies Inc. now owns 45,483 shares of the company’s stock valued at $1,955,000 after acquiring an additional 28,554 shares during the period. Fifth Third Bancorp lifted its holdings in iShares Gold Trust Micro by 4.7% in the first quarter. Fifth Third Bancorp now owns 834,143 shares of the company’s stock valued at $38,954,000 after acquiring an additional 37,074 shares during the period. Sankala Group LLC purchased a new stake in iShares Gold Trust Micro in the 4th quarter worth approximately $1,540,000. Finally, Sivia Capital Partners LLC acquired a new stake in shares of iShares Gold Trust Micro during the 4th quarter worth approximately $538,000.

iShares Gold Trust Micro Trading Up 0.4%

Shares of iShares Gold Trust Micro stock traded up $0.18 during trading on Friday, hitting $42.77. 2,664,665 shares of the company’s stock were exchanged, compared to its average volume of 4,462,441. The business has a 50-day simple moving average of $43.05 and a 200-day simple moving average of $44.18. iShares Gold Trust Micro has a 52-week low of $37.41 and a 52-week high of $55.27.

iShares Gold Trust Micro Company Profile

(Get Free Report)

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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