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

iShares Gold Trust Micro (NYSEARCA:IAUM) was the recipient of a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 617,645 shares, a decrease of 39.0% from the May 14th total of 1,013,148 shares. Based on an average daily volume of 2,778,230 shares, the short-interest ratio is currently 0.2 days. Approximately 0.4% of the shares of the company are short sold.

Institutional Trading of iShares Gold Trust Micro

A number of hedge funds have recently bought and sold shares of IAUM. Sumitomo Mitsui Trust Group Inc. boosted its holdings in iShares Gold Trust Micro by 22.3% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 26,834,927 shares of the company’s stock valued at $1,253,191,000 after purchasing an additional 4,900,000 shares during the period. Adventist Health System Sunbelt Healthcare Corp boosted its holdings in iShares Gold Trust Micro by 92.3% in the 3rd quarter. Adventist Health System Sunbelt Healthcare Corp now owns 6,660,684 shares of the company’s stock valued at $256,436,000 after purchasing an additional 3,196,900 shares during the period. Vident Advisory LLC boosted its holdings in iShares Gold Trust Micro by 116.9% in the 4th quarter. Vident Advisory LLC now owns 1,711,783 shares of the company’s stock valued at $73,590,000 after purchasing an additional 922,584 shares during the period. Myriad Asset Management Advisors LLC bought a new stake in iShares Gold Trust Micro in the 4th quarter valued at $38,401,000. Finally, Asset Management One Co. Ltd. boosted its holdings in iShares Gold Trust Micro by 292.4% in the 4th quarter. Asset Management One Co. Ltd. now owns 1,190,031 shares of the company’s stock valued at $51,409,000 after purchasing an additional 886,737 shares during the period.

iShares Gold Trust Micro Price Performance

iShares Gold Trust Micro stock traded up $1.11 during mid-day trading on Monday, reaching $43.07. The company had a trading volume of 3,711,725 shares, compared to its average volume of 5,666,945. iShares Gold Trust Micro has a 52 week low of $32.46 and a 52 week high of $55.27. The company has a 50 day moving average of $45.74 and a 200-day moving average of $46.43.

About iShares Gold Trust Micro

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.