Short Interest in iShares Gold Trust Micro (NYSEARCA:IAUM) Increases By 121.1%

iShares Gold Trust Micro (NYSEARCA:IAUM) was the target of a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 1,013,148 shares, a growth of 121.1% from the April 30th total of 458,189 shares. Approximately 0.6% of the company’s shares are sold short. Based on an average daily trading volume, of 1,554,458 shares, the short-interest ratio is presently 0.7 days.

Institutional Investors Weigh In On iShares Gold Trust Micro

Institutional investors and hedge funds have recently bought and sold shares of the business. Maripau Wealth Management LLC increased its position in shares of iShares Gold Trust Micro by 11.1% during the 1st quarter. Maripau Wealth Management LLC now owns 15,405 shares of the company’s stock valued at $719,000 after purchasing an additional 1,543 shares during the period. Alaska Permanent Fund Corp lifted its stake in iShares Gold Trust Micro by 25.4% during the first quarter. Alaska Permanent Fund Corp now owns 3,709,000 shares of the company’s stock worth $170,540,000 after purchasing an additional 751,000 shares during the period. Bank of America Corp DE grew its position in iShares Gold Trust Micro by 17.1% during the 1st quarter. Bank of America Corp DE now owns 3,424,139 shares of the company’s stock worth $159,907,000 after acquiring an additional 499,962 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of iShares Gold Trust Micro by 79.2% during the first quarter. EverSource Wealth Advisors LLC now owns 8,968 shares of the company’s stock worth $419,000 after acquiring an additional 3,963 shares during the last quarter. Finally, Royal Bank of Canada grew its holdings in shares of iShares Gold Trust Micro by 98.6% in the 1st quarter. Royal Bank of Canada now owns 4,598 shares of the company’s stock valued at $215,000 after buying an additional 2,283 shares during the period.

iShares Gold Trust Micro Trading Up 0.2%

Shares of NYSEARCA IAUM traded up $0.07 during trading on Tuesday, reaching $44.71. 1,256,488 shares of the stock were exchanged, compared to its average volume of 5,913,952. The business’s 50-day moving average price is $46.12 and its 200 day moving average price is $46.30. iShares Gold Trust Micro has a twelve month low of $32.46 and a twelve month 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.