iShares Gold Trust Micro (NYSEARCA:IAUM) Short Interest Up 23.1% in February

iShares Gold Trust Micro (NYSEARCA:IAUM) was the target of a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 947,013 shares, an increase of 23.1% from the January 29th total of 769,224 shares. Based on an average daily volume of 11,030,252 shares, the short-interest ratio is presently 0.1 days. Currently, 0.6% of the shares of the company are sold short. Currently, 0.6% of the shares of the company are sold short. Based on an average daily volume of 11,030,252 shares, the short-interest ratio is presently 0.1 days.

iShares Gold Trust Micro Stock Performance

IAUM opened at $50.97 on Thursday. iShares Gold Trust Micro has a one year low of $28.72 and a one year high of $55.27. The company has a fifty day moving average price of $48.24 and a 200-day moving average price of $42.44.

Institutional Trading of iShares Gold Trust Micro

Institutional investors have recently modified their holdings of the company. Sankala Group LLC purchased a new stake in iShares Gold Trust Micro in the 4th quarter worth approximately $1,540,000. Bauman Advisory Group LLC bought a new stake in iShares Gold Trust Micro during the fourth quarter valued at approximately $4,779,000. Corient Private Wealth LLC purchased a new stake in shares of iShares Gold Trust Micro in the 4th quarter worth $308,000. Vident Advisory LLC increased its position in iShares Gold Trust Micro by 116.9% in the fourth quarter. Vident Advisory LLC now owns 1,711,783 shares of the company’s stock worth $73,590,000 after buying an additional 922,584 shares in the last quarter. Finally, Beacon Pointe Advisors LLC boosted its stake in shares of iShares Gold Trust Micro by 73.3% in the fourth quarter. Beacon Pointe Advisors LLC now owns 16,291 shares of the company’s stock worth $700,000 after acquiring an additional 6,891 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.