iShares Gold Trust Micro (NYSEARCA:IAUM – Get Free Report) was the recipient of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 1,130,848 shares, an increase of 140.4% from the June 30th total of 470,397 shares. Based on an average trading volume of 2,034,484 shares, the short-interest ratio is currently 0.6 days. Approximately 0.7% of the company’s stock are sold short.
iShares Gold Trust Micro Stock Performance
NYSEARCA:IAUM opened at $40.32 on Thursday. iShares Gold Trust Micro has a fifty-two week low of $32.58 and a fifty-two week high of $55.27. The firm has a 50-day simple moving average of $41.86 and a two-hundred day simple moving average of $45.91.
Institutional Investors Weigh In On iShares Gold Trust Micro
Several institutional investors and hedge funds have recently made changes to their positions in IAUM. Sumitomo Mitsui Trust Group Inc. boosted its stake in iShares Gold Trust Micro by 21.0% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 21,934,927 shares of the company’s stock valued at $942,983,000 after purchasing an additional 3,800,000 shares during the last quarter. Asset Management One Co. Ltd. raised 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 purchasing an additional 886,737 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of iShares Gold Trust Micro during the fourth quarter valued at $13,413,000. AlphaCore Capital LLC boosted its position in shares of iShares Gold Trust Micro by 9.5% during the fourth quarter. AlphaCore Capital LLC now owns 751,834 shares of the company’s stock valued at $32,321,000 after buying an additional 65,196 shares during the last quarter. Finally, World Investment Advisors boosted its holdings in shares of iShares Gold Trust Micro by 5.5% during the 4th quarter. World Investment Advisors now owns 231,326 shares of the company’s stock valued at $9,678,000 after acquiring an additional 12,141 shares during the last quarter.
iShares Gold Trust Micro Company Profile
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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