Short Interest in iShares Gold Trust (NYSEARCA:IAU) Decreases By 50.0%

iShares Gold Trust (NYSEARCA:IAU) was the recipient of a large decrease in short interest in the month of May. As of May 15th, there was short interest totaling 4,433,109 shares, a decrease of 50.0% from the April 30th total of 8,867,127 shares. Based on an average daily trading volume, of 4,924,683 shares, the short-interest ratio is currently 0.9 days. Currently, 0.5% of the company’s stock are short sold.

More iShares Gold Trust News

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

• Negative Sentiment: Gold fell after the ISM Manufacturing PMI rose to 54 in May, suggesting the U.S. economy is holding up and reducing demand for safe-haven assets. Spot gold trades near $4,460/oz after ISM Manufacturing PMI rises to 54
• Negative Sentiment: Higher Treasury yields are pressuring gold, since a stronger yield environment raises the opportunity cost of holding non-yielding bullion. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Retreats Amid Rising Treasury Yields
• Negative Sentiment: Rising oil prices and unresolved U.S.-Iran negotiations are adding volatility, boosting inflation concerns and supporting the dollar, which has weighed on gold prices. Gold falls as oil jumps on U.S.-Iran deadlock – Kitco PM Report
• Negative Sentiment: Multiple market updates indicate gold has broken lower as traders cut back on rate-cut expectations, reinforcing short-term downside pressure for gold-backed funds like IAU. Gold News: Rising Oil Prices Darken Gold Price Future Before Payrolls
• Neutral Sentiment: Some analysts still argue gold’s long-term outlook remains constructive because of inflation, debt, and Fed policy risks, but this is not helping near-term trading. Fed trapped between inflation and debt crisis, and gold wins either way – Sprott’s McIntyre

iShares Gold Trust Trading Down 1.4%

IAU traded down $1.22 during trading hours on Monday, hitting $84.27. 4,809,856 shares of the company’s stock were exchanged, compared to its average volume of 12,462,364. iShares Gold Trust has a 12-month low of $61.37 and a 12-month high of $104.40. The firm has a 50 day moving average of $87.13 and a 200 day moving average of $87.38. The firm has a market cap of $71.74 billion, a P/E ratio of 5.53 and a beta of 0.16.

Institutional Investors Weigh In On iShares Gold Trust

Several large investors have recently added to or reduced their stakes in IAU. Merkkuri Wealth Advisors LLC purchased a new stake in shares of iShares Gold Trust in the 1st quarter valued at approximately $26,000. Fairway Wealth LLC increased its position in shares of iShares Gold Trust by 525.0% in the 1st quarter. Fairway Wealth LLC now owns 300 shares of the exchange traded fund’s stock valued at $26,000 after purchasing an additional 252 shares during the last quarter. Godfrey Financial Associates Inc. purchased a new stake in shares of iShares Gold Trust in the 4th quarter valued at approximately $25,000. Rossby Financial LCC increased its position in shares of iShares Gold Trust by 75.7% in the 4th quarter. Rossby Financial LCC now owns 325 shares of the exchange traded fund’s stock valued at $26,000 after purchasing an additional 140 shares during the last quarter. Finally, Monetary Solutions Ltd purchased a new stake in shares of iShares Gold Trust in the 4th quarter valued at approximately $26,000. 59.67% of the stock is owned by hedge funds and other institutional investors.

About iShares Gold Trust

iShares Gold Trust (the Trust) is to own gold transferred to the Trust in exchange for shares issued by the Trust (Shares). Each Share represents a fractional undivided beneficial interest in the net assets of the Trust. The assets of the Trust consist of gold held by the Trust’s custodian on behalf of the Trust. The sponsor of the Trust is iShares Delaware Trust Sponsor LLC (the Sponsor), which is an indirect subsidiary of BlackRock, Inc The trustee of the Trust is The Bank of New York Mellon (the Trustee) and the custodian of the Trust is JPMorgan Chase Bank N.A., London branch (the Custodian).