Strategy Shares Gold Enhanced Yield ETF (BATS:GOLY) Stock Short Interest Drops 96.8%

Strategy Shares Gold Enhanced Yield ETF (BATS:GOLY) saw a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 1,646 shares, a drop of 96.8% from the September 30th total of 52,042 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 22,422 shares, the short-interest ratio is currently 0.1 days.

Strategy Shares Gold Enhanced Yield ETF Stock Performance

Shares of GOLY stock opened at $23.49 on Tuesday. The firm has a fifty day simple moving average of $25.64 and a 200-day simple moving average of $29.49. Strategy Shares Gold Enhanced Yield ETF has a twelve month low of $23.30 and a twelve month high of $41.72.

Institutional Investors Weigh In On Strategy Shares Gold Enhanced Yield ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Kestra Private Wealth Services LLC lifted its holdings in Strategy Shares Gold Enhanced Yield ETF by 28.1% in the 1st quarter. Kestra Private Wealth Services LLC now owns 28,207 shares of the company’s stock worth $831,000 after buying an additional 6,187 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of Strategy Shares Gold Enhanced Yield ETF by 324.1% during the first quarter. NewEdge Advisors LLC now owns 25,118 shares of the company’s stock worth $740,000 after acquiring an additional 19,196 shares during the last quarter. Cetera Investment Advisers increased its position in shares of Strategy Shares Gold Enhanced Yield ETF by 6.5% during the first quarter. Cetera Investment Advisers now owns 17,987 shares of the company’s stock worth $530,000 after acquiring an additional 1,091 shares during the last quarter. Citadel Advisors LLC increased its position in shares of Strategy Shares Gold Enhanced Yield ETF by 13.9% during the second quarter. Citadel Advisors LLC now owns 19,777 shares of the company’s stock worth $497,000 after acquiring an additional 2,410 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its stake in shares of Strategy Shares Gold Enhanced Yield ETF by 22.8% in the first quarter. International Assets Investment Management LLC now owns 14,464 shares of the company’s stock worth $441,000 after acquiring an additional 2,683 shares in the last quarter.

Strategy Shares Gold Enhanced Yield ETF Company Profile

The Strategy Shares Gold-Hedged Bond ETF (GOLY) is an exchange-traded fund that is based on the Solactive Gold Backed Bond index. The fund tracks an index that provides broad exposure to USD-denominated investment grade corporate bonds while using near term gold futures to potentially hedge inflation risk. GOLY was launched on May 17, 2021 and is issued by Strategy Shares.