iShares Gold Trust Micro (NYSEARCA:IAUM) Sees Large Decrease in Short Interest

iShares Gold Trust Micro (NYSEARCA:IAUM) was the target of a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 1,139,378 shares, a drop of 84.2% from the August 31st total of 7,213,068 shares. Approximately 0.7% of the shares of the company are short sold. Based on an average trading volume of 2,963,186 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds Weigh In On iShares Gold Trust Micro

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of iShares Gold Trust Micro by 22.3% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 26,834,927 shares of the company’s stock valued at $1,253,191,000 after buying an additional 4,900,000 shares in the last quarter. Myriad Asset Management Advisors LLC acquired a new position in iShares Gold Trust Micro during the 4th quarter worth about $38,401,000. Alaska Permanent Fund Corp grew its holdings in iShares Gold Trust Micro by 25.4% during the 1st quarter. Alaska Permanent Fund Corp now owns 3,709,000 shares of the company’s stock worth $170,540,000 after acquiring an additional 751,000 shares during the last quarter. Bank of America Corp DE increased its position in iShares Gold Trust Micro by 17.1% in the 1st quarter. Bank of America Corp DE now owns 3,424,139 shares of the company’s stock valued at $159,907,000 after acquiring an additional 499,962 shares in the last quarter. Finally, Reliant Wealth Planning lifted its position in shares of iShares Gold Trust Micro by 5,313.4% during the first quarter. Reliant Wealth Planning now owns 336,983 shares of the company’s stock worth $15,737,000 after purchasing an additional 330,758 shares in the last quarter.

iShares Gold Trust Micro Price Performance

NYSEARCA:IAUM traded down $0.03 during trading hours on Friday, hitting $42.56. 375,752 shares of the company traded hands, compared to its average volume of 4,449,270. iShares Gold Trust Micro has a twelve month low of $37.41 and a twelve month high of $55.27. The firm has a 50-day moving average of $43.00 and a 200 day moving average of $44.19.

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.