GraniteShares Gold Trust (NYSEARCA:BAR) Sees Significant Growth in Short Interest

GraniteShares Gold Trust (NYSEARCA:BARGet Free Report) was the recipient of a large growth in short interest in December. As of December 15th, there was short interest totaling 178,629 shares, a growth of 24.0% from the November 30th total of 144,019 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average daily volume of 618,069 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 618,069 shares, the short-interest ratio is currently 0.3 days. Currently, 0.5% of the company’s stock are sold short.

Hedge Funds Weigh In On GraniteShares Gold Trust

A number of hedge funds have recently bought and sold shares of BAR. Archer Investment Corp bought a new position in shares of GraniteShares Gold Trust during the second quarter valued at about $30,000. Advisory Services Network LLC bought a new position in shares of GraniteShares Gold Trust during the 3rd quarter worth approximately $81,000. Farther Finance Advisors LLC lifted its position in shares of GraniteShares Gold Trust by 11.3% during the 2nd quarter. Farther Finance Advisors LLC now owns 3,135 shares of the company’s stock worth $102,000 after buying an additional 318 shares in the last quarter. IFP Advisors Inc boosted its stake in shares of GraniteShares Gold Trust by 7.0% in the 2nd quarter. IFP Advisors Inc now owns 5,077 shares of the company’s stock worth $166,000 after buying an additional 333 shares during the last quarter. Finally, Citadel Advisors LLC bought a new position in shares of GraniteShares Gold Trust in the third quarter valued at approximately $201,000.

GraniteShares Gold Trust Stock Performance

Shares of GraniteShares Gold Trust stock traded down $0.28 on Thursday, hitting $42.49. The company had a trading volume of 550,524 shares, compared to its average volume of 778,490. GraniteShares Gold Trust has a 1 year low of $25.77 and a 1 year high of $44.83. The stock has a 50 day moving average of $41.23 and a 200-day moving average of $37.19.

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About GraniteShares Gold Trust

(Get Free Report)

The GraniteShares Gold Trust (BAR) is an exchange-traded fund that is based on the LBMA Gold Price index. The fund tracks the gold spot price, less trust expenses and liabilities, using physically held gold stored and secured in vaults in London. BAR was launched on Aug 31, 2017 and is managed by GraniteShares.

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