iShares Gold Trust Micro (NYSEARCA:IAUM) Short Interest Down 38.8% in April

iShares Gold Trust Micro (NYSEARCA:IAUM) was the recipient of a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 458,189 shares, a drop of 38.8% from the April 15th total of 748,494 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 2,311,530 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in IAUM. Envestnet Asset Management Inc. increased its position in iShares Gold Trust Micro by 94.8% during the third quarter. Envestnet Asset Management Inc. now owns 204,003 shares of the company’s stock worth $7,854,000 after acquiring an additional 99,268 shares during the period. Fifth Third Bancorp increased its position in iShares Gold Trust Micro by 8.2% during the third quarter. Fifth Third Bancorp now owns 762,747 shares of the company’s stock worth $29,366,000 after acquiring an additional 57,567 shares during the period. JPMorgan Chase & Co. increased its holdings in iShares Gold Trust Micro by 24.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 856,687 shares of the company’s stock valued at $32,982,000 after buying an additional 165,954 shares during the period. Thrivent Financial for Lutherans bought a new stake in iShares Gold Trust Micro in the 3rd quarter valued at $2,773,000. Finally, MAI Capital Management increased its holdings in iShares Gold Trust Micro by 307.3% in the 3rd quarter. MAI Capital Management now owns 32,698 shares of the company’s stock valued at $1,259,000 after buying an additional 24,670 shares during the period.

iShares Gold Trust Micro Trading Down 1.3%

NYSEARCA IAUM traded down $0.58 during trading on Tuesday, reaching $44.85. The company’s stock had a trading volume of 1,405,764 shares, compared to its average volume of 6,204,888. iShares Gold Trust Micro has a twelve month low of $32.28 and a twelve month high of $55.27. The business’s fifty day moving average price is $47.16 and its 200-day moving average price is $45.95.

iShares Gold Trust Micro Company Profile

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.