U.S. Global GO GOLD and Precious Metal Miners ETF (NYSEARCA:GOAU) Short Interest Up 310.2% in August

U.S. Global GO GOLD and Precious Metal Miners ETF (NYSEARCA:GOAU) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totaling 25,464 shares, an increase of 310.2% from the August 15th total of 6,207 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average trading volume of 26,571 shares, the days-to-cover ratio is presently 1.0 days.

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

Shares of U.S. Global GO GOLD and Precious Metal Miners ETF stock opened at $47.77 on Monday. U.S. Global GO GOLD and Precious Metal Miners ETF has a 52-week low of $34.34 and a 52-week high of $57.09. The company has a market capitalization of $212.10 million, a P/E ratio of 22.28 and a beta of 0.74. The company has a 50 day moving average of $42.69 and a 200 day moving average of $43.45.

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

A hedge fund recently raised its position in U.S. Global GO GOLD and Precious Metal Miners ETF stock. Principia Wealth Advisory LLC boosted its holdings in U.S. Global GO GOLD and Precious Metal Miners ETF (NYSEARCA:GOAU) by 1.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 68,792 shares of the company’s stock after buying an additional 1,077 shares during the quarter. U.S. Global GO GOLD and Precious Metal Miners ETF makes up about 0.8% of Principia Wealth Advisory LLC’s holdings, making the stock its 16th largest position. Principia Wealth Advisory LLC owned 1.55% of U.S. Global GO GOLD and Precious Metal Miners ETF worth $2,928,000 at the end of the most recent quarter.

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.