GraniteShares Gold Trust (NYSEARCA:BAR) Sees Significant Increase in Short Interest

GraniteShares Gold Trust (NYSEARCA:BAR) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 223,258 shares, a growth of 88.0% from the August 15th total of 118,738 shares. Currently, 0.7% of the shares of the stock are sold short. Based on an average trading volume of 255,514 shares, the short-interest ratio is presently 0.9 days.

Hedge Funds Weigh In On GraniteShares Gold Trust

Hedge funds and other institutional investors have recently modified their holdings of the stock. Integrated Wealth Concepts LLC bought a new stake in GraniteShares Gold Trust in the second quarter valued at $80,000. Tucker Asset Management LLC acquired a new stake in shares of GraniteShares Gold Trust in the 4th quarter valued at $98,000. Calton & Associates Inc. acquired a new stake in shares of GraniteShares Gold Trust in the 4th quarter valued at $203,000. Marathon Strategic Advisors LLC bought a new stake in shares of GraniteShares Gold Trust in the 1st quarter worth about $213,000. Finally, Fairvoy Private Wealth LLC acquired a new stake in shares of GraniteShares Gold Trust during the 1st quarter worth about $228,000.

GraniteShares Gold Trust Stock Performance

NYSEARCA BAR traded up $0.74 on Thursday, reaching $42.81. The company’s stock had a trading volume of 214,049 shares, compared to its average volume of 631,556. The business has a 50-day moving average price of $42.14 and a 200 day moving average price of $44.02. GraniteShares Gold Trust has a 52 week low of $35.78 and a 52 week high of $54.63.

GraniteShares Gold Trust Company Profile

The GraniteShares Gold Trust (BAR) is an exchange-traded fund that is based on the LBMA Gold Price index. The fund tracks the gold spot price, less trust expenses and liabilities, using physically held gold stored and secured in vaults in London. BAR was launched on Aug 31, 2017 and is managed by GraniteShares.