iShares Gold Trust (NYSEARCA:IAU) Short Interest Update

iShares Gold Trust (NYSEARCA:IAUGet Free Report) saw a large increase in short interest in the month of March. As of March 31st, there was short interest totaling 10,607,280 shares, an increase of 92.7% from the March 15th total of 5,504,027 shares. Based on an average daily volume of 17,157,245 shares, the days-to-cover ratio is presently 0.6 days. Currently, 1.2% of the company’s shares are sold short.

Institutional Trading of iShares Gold Trust

A number of institutional investors and hedge funds have recently made changes to their positions in IAU. Brighton Jones LLC acquired a new stake in shares of iShares Gold Trust during the 4th quarter worth $1,864,000. Bison Wealth LLC increased its holdings in iShares Gold Trust by 78.5% in the 4th quarter. Bison Wealth LLC now owns 16,778 shares of the exchange traded fund’s stock valued at $831,000 after purchasing an additional 7,379 shares in the last quarter. AQR Capital Management LLC increased its holdings in iShares Gold Trust by 47.0% in the 1st quarter. AQR Capital Management LLC now owns 26,936 shares of the exchange traded fund’s stock valued at $1,588,000 after purchasing an additional 8,609 shares in the last quarter. Glenview Trust co increased its holdings in iShares Gold Trust by 9.7% in the 2nd quarter. Glenview Trust co now owns 12,384 shares of the exchange traded fund’s stock valued at $772,000 after purchasing an additional 1,095 shares in the last quarter. Finally, Main Street Financial Solutions LLC increased its holdings in iShares Gold Trust by 6.3% in the 2nd quarter. Main Street Financial Solutions LLC now owns 36,817 shares of the exchange traded fund’s stock valued at $2,296,000 after purchasing an additional 2,172 shares in the last quarter. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Trading Up 2.2%

Shares of iShares Gold Trust stock traded up $1.97 during trading hours on Tuesday, reaching $91.18. 5,276,036 shares of the company’s stock were exchanged, compared to its average volume of 15,905,687. The firm has a market capitalization of $77.63 billion, a price-to-earnings ratio of 5.53 and a beta of 0.20. The company has a fifty day moving average of $92.21 and a 200-day moving average of $84.94. iShares Gold Trust has a 52-week low of $59.71 and a 52-week high of $104.40.

Key Stories Impacting iShares Gold Trust

Here are the key news stories impacting iShares Gold Trust this week:

About iShares Gold Trust

(Get Free Report)

iShares Gold Trust (the Trust) is to own gold transferred to the Trust in exchange for shares issued by the Trust (Shares). Each Share represents a fractional undivided beneficial interest in the net assets of the Trust. The assets of the Trust consist of gold held by the Trust’s custodian on behalf of the Trust. The sponsor of the Trust is iShares Delaware Trust Sponsor LLC (the Sponsor), which is an indirect subsidiary of BlackRock, Inc The trustee of the Trust is The Bank of New York Mellon (the Trustee) and the custodian of the Trust is JPMorgan Chase Bank N.A., London branch (the Custodian).

Further Reading

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