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

iShares Gold Trust Micro (NYSEARCA:IAUM) was the recipient of a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 617,645 shares, a decline of 39.0% from the May 14th total of 1,013,148 shares. Based on an average trading volume of 2,778,230 shares, the short-interest ratio is presently 0.2 days. Currently, 0.4% of the shares of the company are sold short.

iShares Gold Trust Micro Trading Up 0.3%

Shares of IAUM stock opened at $43.18 on Wednesday. iShares Gold Trust Micro has a 12 month low of $32.46 and a 12 month high of $55.27. The stock has a 50 day moving average of $45.61 and a two-hundred day moving average of $46.46.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of IAUM. Decker Retirement Planning Inc. bought a new stake in iShares Gold Trust Micro in the 4th quarter valued at $28,000. Fairman Group LLC lifted its position in shares of iShares Gold Trust Micro by 508.2% during the 1st quarter. Fairman Group LLC now owns 596 shares of the company’s stock worth $28,000 after buying an additional 498 shares during the period. US Bancorp DE acquired a new stake in iShares Gold Trust Micro in the 3rd quarter valued at $28,000. International Assets Investment Management LLC acquired a new stake in iShares Gold Trust Micro in the 1st quarter valued at $36,000. Finally, Advisors Preferred LLC grew its position in iShares Gold Trust Micro by 532.8% in the first quarter. Advisors Preferred LLC now owns 829 shares of the company’s stock valued at $39,000 after acquiring an additional 698 shares during the period.

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.