iShares Gold Trust Micro (NYSEARCA:IAUM) Short Interest Up 140.4% in July

iShares Gold Trust Micro (NYSEARCA:IAUM) saw a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 1,130,848 shares, an increase of 140.4% from the June 30th total of 470,397 shares. Approximately 0.7% of the company’s stock are sold short. Based on an average daily trading volume, of 2,034,484 shares, the days-to-cover ratio is presently 0.6 days.

iShares Gold Trust Micro Trading Up 0.7%

Shares of NYSEARCA:IAUM opened at $40.69 on Tuesday. iShares Gold Trust Micro has a 52-week low of $32.58 and a 52-week high of $55.27. The company has a 50-day simple moving average of $42.05 and a 200 day simple moving average of $45.98.

Institutional Trading of iShares Gold Trust Micro

Hedge funds have recently added to or reduced their stakes in the company. NewEdge Advisors LLC lifted its holdings in shares of iShares Gold Trust Micro by 15.4% during the first quarter. NewEdge Advisors LLC now owns 30,731 shares of the company’s stock worth $958,000 after buying an additional 4,108 shares in the last quarter. Goldman Sachs Group Inc. acquired a new position in shares of iShares Gold Trust Micro in the first quarter valued at about $7,793,000. Cerity Partners LLC increased its position in iShares Gold Trust Micro by 4.3% during the second quarter. Cerity Partners LLC now owns 18,283 shares of the company’s stock worth $603,000 after acquiring an additional 750 shares during the period. Raymond James Financial Inc. increased its position in iShares Gold Trust Micro by 29.2% during the second quarter. Raymond James Financial Inc. now owns 150,685 shares of the company’s stock worth $4,971,000 after acquiring an additional 34,072 shares during the period. Finally, Jane Street Group LLC acquired a new stake in iShares Gold Trust Micro in the 2nd quarter worth about $13,766,000.

About iShares Gold Trust Micro

The iShares Gold Trust Micro (IAUM) is an exchange-traded fund that is based on the LBMA Gold Price index. The fund tracks the gold spot price, less expenses and liabilities, using gold bars held in vaults. IAUM was launched on Jun 15, 2021 and is managed by BlackRock.