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

U.S. Global GO GOLD and Precious Metal Miners ETF (NYSEARCA:GOAUGet Free Report) was the recipient of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 11,081 shares, a decrease of 37.6% from the July 15th total of 17,754 shares. Based on an average daily volume of 30,350 shares, the short-interest ratio is presently 0.4 days. Approximately 0.2% of the company’s shares are short sold.

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

U.S. Global GO GOLD and Precious Metal Miners ETF stock opened at $47.25 on Thursday. The company has a market cap of $209.79 million, a price-to-earnings ratio of 22.28 and a beta of 0.69. U.S. Global GO GOLD and Precious Metal Miners ETF has a 12 month low of $30.90 and a 12 month high of $57.09. The stock’s 50-day moving average is $39.18 and its 200-day moving average is $43.44.

Hedge Funds 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 acquired a new stake in U.S. Global GO GOLD and Precious Metal Miners ETF (NYSEARCA:GOAUFree Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 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.

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

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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.

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