Short Interest in iShares Gold Trust Micro (NYSEARCA:IAUM) Rises By 24.9%

iShares Gold Trust Micro (NYSEARCA:IAUM) was the target of a large increase in short interest in March. As of March 31st, there was short interest totaling 713,661 shares, an increase of 24.9% from the March 15th total of 571,582 shares. Based on an average daily volume of 7,514,954 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.4% of the company’s stock are sold short.

Institutional Investors Weigh In On iShares Gold Trust Micro

Several large investors have recently modified their holdings of the business. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of iShares Gold Trust Micro by 95.0% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,134,927 shares of the company’s stock worth $698,195,000 after acquiring an additional 8,834,927 shares in the last quarter. Adventist Health System Sunbelt Healthcare Corp increased its position in shares of iShares Gold Trust Micro by 92.3% in 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 acquiring an additional 3,196,900 shares during the period. Vident Advisory LLC increased its position in shares of iShares Gold Trust Micro by 116.9% in the 4th quarter. Vident Advisory LLC now owns 1,711,783 shares of the company’s stock valued at $73,590,000 after acquiring an additional 922,584 shares during the period. Myriad Asset Management Advisors LLC acquired a new stake in shares of iShares Gold Trust Micro in the fourth quarter worth $38,401,000. Finally, Asset Management One Co. Ltd. increased its stake in shares of iShares Gold Trust Micro by 292.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,190,031 shares of the company’s stock worth $51,409,000 after acquiring an additional 886,737 shares during the period.

iShares Gold Trust Micro Trading Down 0.2%

Shares of NYSEARCA:IAUM traded down $0.12 during trading hours on Thursday, hitting $47.68. The company’s stock had a trading volume of 1,473,652 shares, compared to its average volume of 7,565,469. iShares Gold Trust Micro has a 52 week low of $31.57 and a 52 week high of $55.27. The firm’s fifty day moving average price is $48.81 and its 200 day moving average price is $44.99.

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.