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

U.S. Global GO GOLD and Precious Metal Miners ETF (NYSEARCA:GOAU) was the recipient of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 23,427 shares, a growth of 429.1% from the September 15th total of 4,428 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average daily trading volume, of 21,756 shares, the days-to-cover ratio is currently 1.1 days.

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

Shares of GOAU stock traded up $1.05 during mid-day trading on Friday, reaching $43.56. The company’s stock had a trading volume of 7,545 shares, compared to its average volume of 34,998. The firm’s 50-day moving average is $45.90 and its two-hundred day moving average is $42.85. The company has a market cap of $193.41 million, a P/E ratio of 22.28 and a beta of 0.71. U.S. Global GO GOLD and Precious Metal Miners ETF has a 1-year low of $34.34 and a 1-year high of $57.09.

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 boosted its holdings in shares of U.S. Global GO GOLD and Precious Metal Miners ETF (NYSEARCA:GOAU) by 6.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 63,636 shares of the company’s stock after purchasing an additional 3,746 shares during the period. U.S. Global GO GOLD and Precious Metal Miners ETF comprises 0.5% of Principia Wealth Advisory LLC’s portfolio, making the stock its 25th biggest holding. Principia Wealth Advisory LLC owned about 1.43% of U.S. Global GO GOLD and Precious Metal Miners ETF worth $2,367,000 as of its most recent SEC filing.

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

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.