iShares Gold Trust Micro (NYSEARCA:IAUM – Get Free Report) saw a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 617,645 shares, a drop of 39.0% from the May 14th total of 1,013,148 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average trading volume of 2,778,230 shares, the short-interest ratio is presently 0.2 days.
Hedge Funds Weigh In On iShares Gold Trust Micro
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of iShares Gold Trust Micro by 22.3% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 26,834,927 shares of the company’s stock worth $1,253,191,000 after acquiring an additional 4,900,000 shares during the period. Adventist Health System Sunbelt Healthcare Corp lifted its holdings in shares of 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 worth $256,436,000 after acquiring an additional 3,196,900 shares during the period. Alaska Permanent Fund Corp lifted its holdings in shares of iShares Gold Trust Micro by 25.4% during the 1st quarter. Alaska Permanent Fund Corp now owns 3,709,000 shares of the company’s stock worth $170,540,000 after acquiring an additional 751,000 shares during the period. Bank of America Corp DE lifted its holdings in shares of iShares Gold Trust Micro by 17.1% during the 1st 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. Finally, School Employees Retirement Board of Ohio lifted its holdings in shares of iShares Gold Trust Micro by 11.8% during the 1st quarter. School Employees Retirement Board of Ohio now owns 2,875,749 shares of the company’s stock worth $134,297,000 after acquiring an additional 302,425 shares during the period.
iShares Gold Trust Micro Price Performance
Shares of NYSEARCA:IAUM traded up $1.11 during midday trading on Monday, reaching $43.07. 3,711,725 shares of the company’s stock were exchanged, compared to its average volume of 5,666,945. The company’s 50 day simple moving average is $45.74 and its two-hundred day simple moving average is $46.43. iShares Gold Trust Micro has a 12 month low of $32.46 and a 12 month high of $55.27.
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.
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