iShares Gold Trust (NYSEARCA:IAU) was the recipient of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 7,020,058 shares, an increase of 79.8% from the October 13th total of 3,904,538 shares. Based on an average daily volume of 10,614,986 shares, the days-to-cover ratio is currently 0.7 days.

A number of institutional investors have recently added to or reduced their stakes in IAU. JPMorgan Chase & Co. increased its position in iShares Gold Trust by 6,297.7% during the second quarter. JPMorgan Chase & Co. now owns 11,208,354 shares of the exchange traded fund’s stock worth $133,828,000 after buying an additional 11,033,161 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position in iShares Gold Trust by 10,490.7% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 10,601,300 shares of the exchange traded fund’s stock worth $126,580,000 after buying an additional 10,501,200 shares in the last quarter. Charles Schwab Investment Advisory Inc. increased its position in iShares Gold Trust by 21.9% during the second quarter. Charles Schwab Investment Advisory Inc. now owns 58,416,138 shares of the exchange traded fund’s stock worth $697,489,000 after buying an additional 10,482,975 shares in the last quarter. BlackRock Inc. increased its position in iShares Gold Trust by 22.5% during the second quarter. BlackRock Inc. now owns 45,171,550 shares of the exchange traded fund’s stock worth $539,348,000 after buying an additional 8,299,924 shares in the last quarter. Finally, Bridgewater Associates LP purchased a new stake in shares of iShares Gold Trust in the second quarter valued at $36,813,000.

iShares Gold Trust (NYSEARCA:IAU) opened at $12.28 on Tuesday. iShares Gold Trust has a 1 year low of $10.81 and a 1 year high of $12.98.

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iShares Gold Trust Company Profile

iShares Gold Trust (the Trust) is to own gold transferred to the Trust in exchange for shares issued by the Trust (Shares). Each Share represents a fractional undivided beneficial interest in the net assets of the Trust. The assets of the Trust consist of gold held by the Trust’s custodian on behalf of the Trust.

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