GraniteShares Gold Trust (NYSEARCA:BAR) Sees Large Increase in Short Interest

GraniteShares Gold Trust (NYSEARCA:BARGet Free Report) saw a large growth in short interest in March. As of March 31st, there was short interest totaling 234,939 shares, a growth of 23.1% from the March 15th total of 190,796 shares. Based on an average daily volume of 612,774 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.7% of the shares of the company are sold short.

Key Headlines Impacting GraniteShares Gold Trust

Here are the key news stories impacting GraniteShares Gold Trust this week:

GraniteShares Gold Trust Price Performance

Shares of NYSEARCA:BAR opened at $47.80 on Friday. GraniteShares Gold Trust has a 1-year low of $31.23 and a 1-year high of $54.63. The business’s 50 day moving average is $48.21 and its 200-day moving average is $44.56.

Institutional Trading of GraniteShares Gold Trust

Several institutional investors have recently modified their holdings of BAR. Northwestern Mutual Wealth Management Co. grew its holdings in shares of GraniteShares Gold Trust by 16,545.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,864,268 shares of the company’s stock worth $130,971,000 after purchasing an additional 2,847,061 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of GraniteShares Gold Trust by 264.2% during the 4th quarter. Bank of New York Mellon Corp now owns 698,687 shares of the company’s stock worth $29,687,000 after purchasing an additional 506,856 shares in the last quarter. Ausdal Financial Partners Inc. boosted its stake in GraniteShares Gold Trust by 116.6% in the 3rd quarter. Ausdal Financial Partners Inc. now owns 408,045 shares of the company’s stock valued at $15,530,000 after buying an additional 219,682 shares in the last quarter. a16z Perennial Management L.P. acquired a new stake in GraniteShares Gold Trust in the 3rd quarter valued at $6,925,000. Finally, Advyzon Investment Management LLC boosted its stake in GraniteShares Gold Trust by 55.0% in the 4th quarter. Advyzon Investment Management LLC now owns 451,967 shares of the company’s stock valued at $19,204,000 after buying an additional 160,422 shares in the last quarter.

GraniteShares Gold Trust Company Profile

(Get Free Report)

The GraniteShares Gold Trust (BAR) is an exchange-traded fund that is based on the LBMA Gold Price index. The fund tracks the gold spot price, less trust expenses and liabilities, using physically held gold stored and secured in vaults in London. BAR was launched on Aug 31, 2017 and is managed by GraniteShares.

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