iShares Gold Trust Micro (NYSEARCA:IAUM) Sees Significant Increase in Short Interest

iShares Gold Trust Micro (NYSEARCA:IAUM) was the target of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 470,397 shares, an increase of 89.4% from the June 15th total of 248,322 shares. Based on an average daily trading volume, of 2,348,769 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.3% of the shares of the stock are short sold.

Institutional Investors Weigh In On iShares Gold Trust Micro

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Bay Rivers Group increased its position in iShares Gold Trust Micro by 3.6% during the 2nd quarter. Bay Rivers Group now owns 8,677 shares of the company’s stock worth $347,000 after purchasing an additional 301 shares in the last quarter. Tactive Advisors LLC boosted its position in iShares Gold Trust Micro by 7.2% in the second quarter. Tactive Advisors LLC now owns 39,508 shares of the company’s stock valued at $1,581,000 after buying an additional 2,640 shares in the last quarter. Chemistry Wealth Management LLC boosted its position in iShares Gold Trust Micro by 25.0% in the second quarter. Chemistry Wealth Management LLC now owns 47,264 shares of the company’s stock valued at $1,891,000 after buying an additional 9,463 shares in the last quarter. Archer Investment Management LLC grew its stake in shares of iShares Gold Trust Micro by 137.1% during the second quarter. Archer Investment Management LLC now owns 12,238 shares of the company’s stock worth $490,000 after buying an additional 7,077 shares during the last quarter. Finally, SFM LLC grew its stake in shares of iShares Gold Trust Micro by 1.5% during the second quarter. SFM LLC now owns 220,012 shares of the company’s stock worth $8,803,000 after buying an additional 3,155 shares during the last quarter.

iShares Gold Trust Micro Stock Performance

iShares Gold Trust Micro stock traded down $0.77 during midday trading on Thursday, reaching $39.64. The company’s stock had a trading volume of 1,441,355 shares, compared to its average volume of 5,116,780. iShares Gold Trust Micro has a 52 week low of $32.58 and a 52 week high of $55.27. The business has a 50-day moving average price of $43.03 and a 200-day moving average price of $46.17.

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.