iShares Gold Trust Micro (NYSEARCA:IAUM) Short Interest Update

iShares Gold Trust Micro (NYSEARCA:IAUM) saw a large decline in short interest in the month of January. As of January 30th, there was short interest totaling 769,224 shares, a decline of 26.1% from the January 15th total of 1,040,600 shares. Based on an average daily volume of 18,242,284 shares, the short-interest ratio is presently 0.0 days. Approximately 0.5% of the company’s shares are sold short. Approximately 0.5% of the company’s shares are sold short. Based on an average daily volume of 18,242,284 shares, the short-interest ratio is presently 0.0 days.

iShares Gold Trust Micro Stock Performance

NYSEARCA:IAUM traded up $1.20 during trading hours on Friday, hitting $50.17. The company had a trading volume of 8,315,375 shares, compared to its average volume of 10,722,793. The stock has a 50-day moving average price of $46.18 and a 200 day moving average price of $40.84. iShares Gold Trust Micro has a 52 week low of $28.25 and a 52 week high of $55.27.

Hedge Funds Weigh In On iShares Gold Trust Micro

A number of hedge funds have recently added to or reduced their stakes in the company. Fifth Third Wealth Advisors LLC boosted its holdings in iShares Gold Trust Micro by 16.6% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 135,565 shares of the company’s stock valued at $5,219,000 after purchasing an additional 19,268 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in shares of iShares Gold Trust Micro in the third quarter valued at approximately $790,000. Atria Investments Inc acquired a new stake in shares of iShares Gold Trust Micro during the second quarter worth $300,000. Retirement Financial Solutions LLC purchased a new stake in shares of iShares Gold Trust Micro during the 3rd quarter valued at $953,000. Finally, Red Tortoise LLC purchased a new stake in shares of iShares Gold Trust Micro during the 3rd quarter worth about $1,196,000.

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.