Short Interest in GraniteShares Gold Trust (NYSEARCA:BAR) Decreases By 17.3%

GraniteShares Gold Trust (NYSEARCA:BAR) was the recipient of a significant decline in short interest in the month of March. As of March 13th, there was short interest totaling 190,796 shares, a decline of 17.3% from the February 26th total of 230,618 shares. Based on an average daily trading volume, of 573,342 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.5% of the company’s shares are short sold.

Key Stories Impacting GraniteShares Gold Trust

Here are the key news stories impacting GraniteShares Gold Trust this week:

• Positive Sentiment: Central-bank buying cited as a supportive backdrop for bullion, which can help bullion-backed ETFs like BAR over time. Read More.
• Positive Sentiment: Commerzbank’s very bullish long-term call (gold to $5,000) offers a positive narrative for bullion holders, though it is a long-horizon view rather than a near-term catalyst. Read More.
• Positive Sentiment: Intermittent safe-haven bids have lifted gold intraday at times, offering potential short-term support for BAR if risk aversion returns. Read More.
• Neutral Sentiment: Technical and intra-day analyses outline possible entry/exit levels for traders but don’t change the macro drivers affecting gold ETFs. Read More.
• Neutral Sentiment: Several unrelated corporate and culture stories (e.g., retail brand PR, luxury goods features) are appearing alongside metals coverage but have no direct impact on BAR. Read More.
• Negative Sentiment: Gold is set for its worst monthly drop since 2008 — a large negative near-term signal that pressures bullion ETFs like BAR. Read More.
• Negative Sentiment: Rising Treasury yields and inflation fears (partly driven by oil spikes) are reducing safe-haven demand and weighing on gold prices. Read More.
• Negative Sentiment: Analysis notes higher volatility and retail investor caution could keep flows out of gold ETFs, raising downside risk for BAR in the near term. Read More.
• Negative Sentiment: Mixed signals on U.S.-Iran talks and occasional central-bank selling have contributed to price weakness, adding short-term headwinds for BAR. Read More.

GraniteShares Gold Trust Stock Performance

GraniteShares Gold Trust stock opened at $44.46 on Tuesday. GraniteShares Gold Trust has a 52-week low of $29.17 and a 52-week high of $54.63. The stock’s 50 day moving average price is $48.84 and its two-hundred day moving average price is $43.67.

Institutional Investors Weigh In On GraniteShares Gold Trust

Large investors have recently bought and sold shares of the stock. Creative Planning raised its holdings in shares of GraniteShares Gold Trust by 64.1% during the second quarter. Creative Planning now owns 14,576 shares of the company’s stock valued at $476,000 after purchasing an additional 5,693 shares during the period. Choreo LLC grew its stake in shares of GraniteShares Gold Trust by 15.4% in the 2nd quarter. Choreo LLC now owns 17,239 shares of the company’s stock valued at $563,000 after buying an additional 2,301 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in shares of GraniteShares Gold Trust by 8.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 14,830 shares of the company’s stock valued at $484,000 after buying an additional 1,183 shares during the period. Quadrature Capital Ltd bought a new stake in GraniteShares Gold Trust in the 2nd quarter valued at about $513,000. Finally, Lido Advisors LLC acquired a new position in GraniteShares Gold Trust during the 2nd quarter worth approximately $205,000.

GraniteShares Gold Trust Company Profile

The GraniteShares Gold Trust (BAR) is an exchange-traded fund that is based on the LBMA Gold Price index. The fund tracks the gold spot price, less trust expenses and liabilities, using physically held gold stored and secured in vaults in London. BAR was launched on Aug 31, 2017 and is managed by GraniteShares.