Short Interest in iShares Gold Trust Micro (NYSEARCA:IAUM) Expands By 28.2%

iShares Gold Trust Micro (NYSEARCA:IAUM) saw a significant increase in short interest in January. As of January 15th, there was short interest totaling 1,040,600 shares, an increase of 28.2% from the December 31st total of 811,476 shares. Based on an average daily volume of 2,896,065 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.7% of the shares of the company are sold short. Currently, 0.7% of the shares of the company are sold short. Based on an average daily volume of 2,896,065 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Trading of iShares Gold Trust Micro

A number of institutional investors have recently made changes to their positions in the stock. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of iShares Gold Trust Micro by 21.0% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 21,934,927 shares of the company’s stock valued at $942,983,000 after acquiring an additional 3,800,000 shares in the last quarter. Adventist Health System Sunbelt Healthcare Corp boosted its stake in iShares Gold Trust Micro by 92.3% during the 3rd quarter. Adventist Health System Sunbelt Healthcare Corp now owns 6,660,684 shares of the company’s stock valued at $256,436,000 after purchasing an additional 3,196,900 shares in the last quarter. Bank of America Corp DE increased its position in shares of iShares Gold Trust Micro by 22.0% during the 3rd quarter. Bank of America Corp DE now owns 2,703,033 shares of the company’s stock valued at $104,067,000 after purchasing an additional 487,434 shares during the period. Blue Trust Inc. raised its stake in shares of iShares Gold Trust Micro by 31.6% in the 3rd quarter. Blue Trust Inc. now owns 1,823,937 shares of the company’s stock worth $70,222,000 after buying an additional 438,488 shares in the last quarter. Finally, AlTi Global Inc. bought a new stake in shares of iShares Gold Trust Micro in the 2nd quarter worth $46,193,000.

iShares Gold Trust Micro Price Performance

Shares of NYSEARCA IAUM traded down $2.07 during midday trading on Monday, reaching $46.41. 19,199,329 shares of the company traded hands, compared to its average volume of 10,980,020. iShares Gold Trust Micro has a 52 week low of $28.06 and a 52 week high of $55.27. The stock has a 50-day moving average price of $44.78 and a 200 day moving average price of $39.87.

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.