U.S. Global GO GOLD and Precious Metal Miners ETF (NYSEARCA:GOAU) Short Interest Update

U.S. Global GO GOLD and Precious Metal Miners ETF (NYSEARCA:GOAU) was the target of a large decrease in short interest in the month of April. As of April 30th, there was short interest totaling 17,492 shares, a decrease of 55.7% from the April 15th total of 39,442 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily volume of 26,870 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Inflows and Outflows

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

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

Shares of GOAU traded down $3.13 during midday trading on Friday, hitting $42.37. 45,594 shares of the stock were exchanged, compared to its average volume of 40,424. U.S. Global GO GOLD and Precious Metal Miners ETF has a 52-week low of $25.53 and a 52-week high of $57.09. The stock has a fifty day simple moving average of $45.14 and a 200 day simple moving average of $44.96. The firm has a market cap of $188.12 million, a P/E ratio of 22.28 and a beta of 0.65.

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.