iShares Gold Trust Micro (NYSEARCA:IAUM) Short Interest Up 140.4% in July

iShares Gold Trust Micro (NYSEARCA:IAUM) was the target of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 1,130,848 shares, an increase of 140.4% from the June 30th total of 470,397 shares. Currently, 0.7% of the company’s shares are sold short. Based on an average trading volume of 2,034,484 shares, the short-interest ratio is presently 0.6 days.

iShares Gold Trust Micro Stock Up 0.7%

Shares of iShares Gold Trust Micro stock opened at $40.69 on Tuesday. iShares Gold Trust Micro has a 12 month low of $32.58 and a 12 month high of $55.27. The business has a fifty day simple moving average of $42.05 and a 200 day simple moving average of $45.98.

Institutional Investors Weigh In On iShares Gold Trust Micro

Several large investors have recently made changes to their positions in IAUM. Sumitomo Mitsui Trust Group Inc. lifted its position 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 worth $1,253,191,000 after purchasing an additional 4,900,000 shares in the last quarter. Vident Advisory LLC increased its stake in iShares Gold Trust Micro by 116.9% in the 4th quarter. Vident Advisory LLC now owns 1,711,783 shares of the company’s stock valued at $73,590,000 after buying an additional 922,584 shares during the last quarter. Myriad Asset Management Advisors LLC acquired a new stake in iShares Gold Trust Micro in the 4th quarter valued at $38,401,000. Asset Management One Co. Ltd. lifted its position in iShares Gold Trust Micro by 292.4% during the 4th quarter. Asset Management One Co. Ltd. now owns 1,190,031 shares of the company’s stock worth $51,409,000 after buying an additional 886,737 shares in the last quarter. Finally, Alaska Permanent Fund Corp lifted its position 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 buying an additional 751,000 shares in 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.