iShares Gold Trust Micro (NYSEARCA:IAUM) Short Interest Up 121.1% in May

iShares Gold Trust Micro (NYSEARCA:IAUM) was the recipient of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 1,013,148 shares, an increase of 121.1% from the April 30th total of 458,189 shares. Based on an average trading volume of 1,554,458 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.6% of the shares of the stock are sold short.

Hedge Funds Weigh In On iShares Gold Trust Micro

Several institutional investors have recently bought and sold shares of IAUM. Fairman Group LLC lifted its holdings in iShares Gold Trust Micro by 508.2% during the 1st quarter. Fairman Group LLC now owns 596 shares of the company’s stock valued at $28,000 after buying an additional 498 shares in the last quarter. Decker Retirement Planning Inc. bought a new stake in iShares Gold Trust Micro during the 4th quarter valued at about $28,000. US Bancorp DE bought a new stake in iShares Gold Trust Micro during the 3rd quarter valued at about $28,000. International Assets Investment Management LLC bought a new stake in iShares Gold Trust Micro during the 1st quarter valued at about $36,000. Finally, Advisors Preferred LLC lifted its holdings in iShares Gold Trust Micro by 532.8% during the 1st quarter. Advisors Preferred LLC now owns 829 shares of the company’s stock valued at $39,000 after buying an additional 698 shares in the last quarter.

iShares Gold Trust Micro Price Performance

Shares of NYSEARCA:IAUM traded up $0.09 during midday trading on Tuesday, reaching $44.73. 2,972,597 shares of the company were exchanged, compared to its average volume of 5,959,139. The business’s fifty day moving average is $46.12 and its two-hundred day moving average is $46.30. iShares Gold Trust Micro has a one year low of $32.46 and a one year high of $55.27.

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.