U.S. Global GO GOLD and Precious Metal Miners ETF (NYSEARCA:GOAU) Short Interest Down 44.0% in August

U.S. Global GO GOLD and Precious Metal Miners ETF (NYSEARCA:GOAU) was the target of a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 6,207 shares, a drop of 44.0% from the July 30th total of 11,081 shares. Based on an average daily volume of 32,571 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Investors Weigh In On U.S. Global GO GOLD and Precious Metal Miners ETF

An institutional investor recently bought a new position in U.S. Global GO GOLD and Precious Metal Miners ETF stock. Beaumont Financial Advisors LLC bought a new stake in shares of U.S. Global GO GOLD and Precious Metal Miners ETF (NYSEARCA:GOAU) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,541 shares of the company’s stock, valued at approximately $201,000. Beaumont Financial Advisors LLC owned about 0.10% of U.S. Global GO GOLD and Precious Metal Miners ETF at the end of the most recent reporting period.

U.S. Global GO GOLD and Precious Metal Miners ETF Stock Performance

Shares of GOAU stock traded down $1.71 on Tuesday, reaching $47.09. 43,722 shares of the company were exchanged, compared to its average volume of 37,843. The company has a market cap of $209.08 million, a price-to-earnings ratio of 22.28 and a beta of 0.69. The business has a 50-day moving average price of $40.71 and a 200 day moving average price of $43.55. U.S. Global GO GOLD and Precious Metal Miners ETF has a 1 year low of $33.71 and a 1 year high of $57.09.

U.S. Global GO GOLD and Precious Metal Miners ETF Company Profile

The U.S. Global GO GOLD and Precious Metal Miners ETF (GOAU) is an exchange-traded fund that mostly invests in materials equity. The fund tracks an index of 28 precious metal mining firms listed in the US, Canada, Australia, Hong Kong or South Africa. Holdings are selected by fundamental factors and weighted in fixed tiers. GOAU was launched on Jun 27, 2017 and is managed by US Global.