iShares Gold Trust Micro (NYSEARCA:IAUM) Short Interest Up 89.4% in June

iShares Gold Trust Micro (NYSEARCA:IAUM) was the target of a significant growth in short interest in June. As of June 30th, there was short interest totaling 470,397 shares, a growth of 89.4% from the June 15th total of 248,322 shares. Based on an average daily trading volume, of 2,348,769 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.3% of the company’s stock are sold short.

iShares Gold Trust Micro Stock Up 0.9%

Shares of NYSEARCA:IAUM traded up $0.36 during midday trading on Friday, reaching $40.00. The company had a trading volume of 1,708,383 shares, compared to its average volume of 5,091,569. The stock’s fifty day moving average price is $42.89 and its 200-day moving average price is $46.13. iShares Gold Trust Micro has a one year low of $32.58 and a one year high of $55.27.

Hedge Funds Weigh In On iShares Gold Trust Micro

Large investors have recently modified their holdings of the stock. Sumitomo Mitsui Trust Group Inc. raised its stake in iShares Gold Trust Micro by 22.3% during 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. Alaska Permanent Fund Corp lifted its stake in iShares Gold Trust Micro by 25.4% during the first quarter. Alaska Permanent Fund Corp now owns 3,709,000 shares of the company’s stock worth $170,540,000 after purchasing an additional 751,000 shares during the last quarter. Bank of America Corp DE lifted its stake in iShares Gold Trust Micro by 17.1% during the first quarter. Bank of America Corp DE now owns 3,424,139 shares of the company’s stock worth $159,907,000 after purchasing an additional 499,962 shares during the last quarter. School Employees Retirement Board of Ohio boosted its holdings in iShares Gold Trust Micro by 11.8% in the first quarter. School Employees Retirement Board of Ohio now owns 2,875,749 shares of the company’s stock worth $134,297,000 after purchasing an additional 302,425 shares during the period. Finally, Vident Advisory LLC increased its stake in iShares Gold Trust Micro by 116.9% during the fourth quarter. Vident Advisory LLC now owns 1,711,783 shares of the company’s stock valued at $73,590,000 after purchasing an additional 922,584 shares during the last quarter.

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.