U.S. Global GO GOLD and Precious Metal Miners ETF (NYSEARCA:GOAU) Short Interest Update

U.S. Global GO GOLD and Precious Metal Miners ETF (NYSEARCA:GOAU) was the recipient of a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 17,492 shares, a drop of 55.7% from the April 15th total of 39,442 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily volume of 26,870 shares, the short-interest ratio is presently 0.7 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in U.S. Global GO GOLD and Precious Metal Miners ETF stock. Beaumont Financial Advisors LLC bought a new stake in U.S. Global GO GOLD and Precious Metal Miners ETF (NYSEARCA:GOAU) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 4,541 shares of the company’s stock, valued at approximately $201,000. Beaumont Financial Advisors LLC owned 0.10% of U.S. Global GO GOLD and Precious Metal Miners ETF at the end of the most recent quarter.

U.S. Global GO GOLD and Precious Metal Miners ETF Trading Down 6.9%

NYSEARCA:GOAU traded down $3.13 during midday trading on Friday, reaching $42.37. The company had a trading volume of 45,594 shares, compared to its average volume of 40,424. The firm has a market capitalization of $188.12 million, a price-to-earnings ratio of 22.28 and a beta of 0.65. The stock’s fifty day simple moving average is $45.14 and its 200-day simple moving average is $44.96. U.S. Global GO GOLD and Precious Metal Miners ETF has a 12-month low of $25.53 and a 12-month high of $57.09.

U.S. Global GO GOLD and Precious Metal Miners ETF Company Profile

The U.S. Global GO GOLD and Precious Metal Miners ETF (GOAU) is an exchange-traded fund that mostly invests in materials equity. The fund tracks an index of 28 precious metal mining firms listed in the US, Canada, Australia, Hong Kong or South Africa. Holdings are selected by fundamental factors and weighted in fixed tiers. GOAU was launched on Jun 27, 2017 and is managed by US Global.