U.S. Global GO GOLD and Precious Metal Miners ETF (NYSEARCA:GOAU) Sees Large Growth in Short Interest

U.S. Global GO GOLD and Precious Metal Miners ETF (NYSEARCA:GOAU) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totaling 23,427 shares, an increase of 429.1% from the September 15th total of 4,428 shares. Based on an average daily trading volume, of 21,756 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.5% of the shares of the company are sold short.

Institutional Trading of U.S. Global GO GOLD and Precious Metal Miners ETF

A hedge fund recently raised its stake in U.S. Global GO GOLD and Precious Metal Miners ETF stock. Principia Wealth Advisory LLC increased its position in U.S. Global GO GOLD and Precious Metal Miners ETF (NYSEARCA:GOAU) by 6.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 63,636 shares of the company’s stock after purchasing an additional 3,746 shares during the quarter. U.S. Global GO GOLD and Precious Metal Miners ETF makes up 0.5% of Principia Wealth Advisory LLC’s portfolio, making the stock its 25th largest holding. Principia Wealth Advisory LLC owned approximately 1.43% of U.S. Global GO GOLD and Precious Metal Miners ETF worth $2,367,000 at the end of the most recent quarter.

U.S. Global GO GOLD and Precious Metal Miners ETF Trading Up 2.5%

GOAU traded up $1.05 on Friday, hitting $43.56. 7,545 shares of the stock traded hands, compared to its average volume of 34,998. The business has a fifty day moving average price of $45.90 and a two-hundred day moving average price of $42.85. The firm has a market capitalization of $193.41 million, a PE ratio of 22.28 and a beta of 0.71. 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.

About U.S. Global GO GOLD and Precious Metal Miners ETF

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.