Goldman Sachs Physical Gold ETF (BATS:AAAU) Stock Short Interest Report for September

Goldman Sachs Physical Gold ETF (BATS:AAAU) saw a large drop in short interest in September. As of September 30th, there was short interest totaling 247,720 shares, a drop of 37.7% from the September 15th total of 397,927 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average trading volume of 1,671,641 shares, the short-interest ratio is presently 0.1 days.

More Goldman Sachs Physical Gold ETF News

Here are the key news stories impacting Goldman Sachs Physical Gold ETF this week:

• Positive Sentiment: Gold recovered toward $4,170 as falling Treasury yields, a weaker U.S. dollar and renewed safe-haven demand supported precious metals. Comex gold settled higher, ending a three-session decline and providing a direct lift to AAAU. Gold approaches $4,170, silver gains 3% as bond rally lifts precious metals
• Positive Sentiment: China’s central bank added 23 tonnes to its gold reserves, while Chinese gold ETFs attracted inflows and holiday demand for jewelry, bars and coins improved. Strong central-bank and consumer demand may support longer-term bullion prices. China buys the gold dip as ETF holdings hit record
• Positive Sentiment: A weaker-than-expected Philadelphia Fed manufacturing reading reinforced expectations for softer economic activity, while easing yields and dollar weakness improved the appeal of non-yielding gold. Gold price near session high after Philly Fed survey falls
• Neutral Sentiment: Technical analysts view gold’s ability to hold support near $4,100 as a sign of resilience, but a sustained break below nearby support could signal a deeper correction. Gold price forecast and support analysis
• Negative Sentiment: U.S. producer prices rose much more than expected, adding to concerns that persistent inflation could keep the Federal Reserve hawkish. Higher real yields increase the opportunity cost of holding gold and could limit AAAU’s upside. Gold holds gains despite elevated U.S. PPI

Hedge Funds Weigh In On Goldman Sachs Physical Gold ETF

Several hedge funds and other institutional investors have recently modified their holdings of AAAU. Centerline Wealth Advisors LLC boosted its stake in Goldman Sachs Physical Gold ETF by 27.8% during the 3rd quarter. Centerline Wealth Advisors LLC now owns 6,688 shares of the company’s stock valued at $274,000 after purchasing an additional 1,454 shares during the period. SLT Holdings LLC increased its position in Goldman Sachs Physical Gold ETF by 15.9% in the 3rd quarter. SLT Holdings LLC now owns 15,170 shares of the company’s stock valued at $621,000 after acquiring an additional 2,080 shares during the period. Moulton Wealth Management Inc. increased its holdings in shares of Goldman Sachs Physical Gold ETF by 44.6% during the third quarter. Moulton Wealth Management Inc. now owns 99,027 shares of the company’s stock valued at $4,075,000 after purchasing an additional 30,544 shares during the period. Atlas Brown Inc. lifted its holdings in Goldman Sachs Physical Gold ETF by 7.8% in the third quarter. Atlas Brown Inc. now owns 6,231 shares of the company’s stock worth $255,000 after purchasing an additional 450 shares during the period. Finally, First Heartland Consultants Inc. increased its stake in Goldman Sachs Physical Gold ETF by 12.7% during the 3rd quarter. First Heartland Consultants Inc. now owns 8,853 shares of the company’s stock valued at $363,000 after buying an additional 999 shares during the period.

Goldman Sachs Physical Gold ETF Stock Performance

Shares of AAAU opened at $41.15 on Friday. Goldman Sachs Physical Gold ETF has a 12-month low of $38.64 and a 12-month high of $54.71. The business’s fifty day moving average price is $42.75 and its 200 day moving average price is $43.07.

Goldman Sachs Physical Gold ETF Company Profile

The Goldman Sachs Physical Gold ETF (AAAU) 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 located in the UK. AAAU was launched on Jul 26, 2018 and is issued by Goldman Sachs.