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

iShares Gold Trust Micro (NYSEARCA:IAUM) saw a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 458,189 shares, a drop of 38.8% from the April 15th total of 748,494 shares. Based on an average trading volume of 2,311,530 shares, the short-interest ratio is presently 0.2 days. Currently, 0.3% of the shares of the company are short sold.

iShares Gold Trust Micro Price Performance

Shares of IAUM stock traded up $0.12 during mid-day trading on Monday, hitting $45.42. The company had a trading volume of 2,285,079 shares, compared to its average volume of 6,256,385. iShares Gold Trust Micro has a 52-week low of $32.09 and a 52-week high of $55.27. The stock’s 50 day moving average price is $47.16 and its 200-day moving average price is $45.95.

Hedge Funds Weigh In On iShares Gold Trust Micro

Hedge funds have recently modified their holdings of the stock. Envestnet Asset Management Inc. lifted its holdings in shares of iShares Gold Trust Micro by 94.8% in the third quarter. Envestnet Asset Management Inc. now owns 204,003 shares of the company’s stock worth $7,854,000 after buying an additional 99,268 shares in the last quarter. Fifth Third Bancorp lifted its holdings in shares of iShares Gold Trust Micro by 8.2% in the third quarter. Fifth Third Bancorp now owns 762,747 shares of the company’s stock worth $29,366,000 after buying an additional 57,567 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of iShares Gold Trust Micro by 24.0% in the third quarter. JPMorgan Chase & Co. now owns 856,687 shares of the company’s stock worth $32,982,000 after buying an additional 165,954 shares in the last quarter. MAI Capital Management lifted its holdings in shares of iShares Gold Trust Micro by 307.3% in the third quarter. MAI Capital Management now owns 32,698 shares of the company’s stock worth $1,259,000 after buying an additional 24,670 shares in the last quarter. Finally, Thrivent Financial for Lutherans purchased a new position in shares of iShares Gold Trust Micro in the third quarter worth $2,773,000.

iShares Gold Trust Micro Company Profile

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.