iShares Gold Trust Micro (NYSEARCA:IAUM – Get Free Report) was the recipient of a large growth in short interest in August. As of August 14th, there was short interest totaling 5,361,207 shares, a growth of 274.5% from the July 30th total of 1,431,442 shares. Approximately 3.4% of the shares of the company are sold short. Based on an average daily volume of 2,442,931 shares, the short-interest ratio is currently 2.2 days.
iShares Gold Trust Micro Stock Down 3.3%
Shares of iShares Gold Trust Micro stock opened at $44.43 on Friday. iShares Gold Trust Micro has a one year low of $34.07 and a one year high of $55.27. The stock’s fifty day moving average is $41.92 and its 200 day moving average is $45.22.
Institutional Trading of iShares Gold Trust Micro
A number of hedge funds and other institutional investors have recently bought and sold shares of IAUM. Fairman Group LLC lifted its position in shares of iShares Gold Trust Micro by 508.2% during the 1st quarter. Fairman Group LLC now owns 596 shares of the company’s stock valued at $28,000 after buying an additional 498 shares in the last quarter. US Bancorp DE purchased a new stake in iShares Gold Trust Micro in the 3rd quarter worth approximately $28,000. International Assets Investment Management LLC purchased a new stake in iShares Gold Trust Micro in the 1st quarter worth approximately $36,000. Compass Financial Management LLC bought a new stake in iShares Gold Trust Micro during the 2nd quarter worth approximately $37,000. Finally, Advisors Preferred LLC raised its stake in iShares Gold Trust Micro by 532.8% during the 1st quarter. Advisors Preferred LLC now owns 829 shares of the company’s stock worth $39,000 after acquiring an additional 698 shares during the period.
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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