iShares Gold Trust Micro (NYSEARCA:IAUM) Short Interest Down 37.4% in December

iShares Gold Trust Micro (NYSEARCA:IAUM) saw a large drop in short interest during the month of December. As of December 15th, there was short interest totaling 297,725 shares, a drop of 37.4% from the November 30th total of 475,649 shares. Based on an average daily trading volume, of 2,248,803 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.2% of the shares of the company are sold short. Currently, 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 2,248,803 shares, the days-to-cover ratio is currently 0.1 days.

iShares Gold Trust Micro Price Performance

Shares of NYSEARCA:IAUM traded up $0.08 during trading on Tuesday, reaching $43.28. 2,944,130 shares of the company’s stock traded hands, compared to its average volume of 2,625,906. iShares Gold Trust Micro has a 12 month low of $26.04 and a 12 month high of $45.36. The company has a 50 day moving average of $41.67 and a 200-day moving average of $37.57.

Institutional Trading of iShares Gold Trust Micro

Institutional investors and hedge funds have recently made changes to their positions in the stock. Deane Retirement Strategies Inc. boosted its position in iShares Gold Trust Micro by 17.9% during the 3rd quarter. Deane Retirement Strategies Inc. now owns 2,442 shares of the company’s stock valued at $94,000 after purchasing an additional 370 shares during the period. Family Investment Center Inc. lifted its stake in iShares Gold Trust Micro by 2.1% in the third quarter. Family Investment Center Inc. now owns 19,104 shares of the company’s stock valued at $736,000 after buying an additional 402 shares during the last quarter. IFP Advisors Inc lifted its stake in iShares Gold Trust Micro by 1.8% in the third quarter. IFP Advisors Inc now owns 24,405 shares of the company’s stock valued at $940,000 after buying an additional 434 shares during the last quarter. Rooted Wealth Advisors Inc. boosted its holdings in shares of iShares Gold Trust Micro by 2.4% during the third quarter. Rooted Wealth Advisors Inc. now owns 24,039 shares of the company’s stock valued at $931,000 after acquiring an additional 568 shares during the period. Finally, CAP Partners LLC grew its position in shares of iShares Gold Trust Micro by 9.0% during the second quarter. CAP Partners LLC now owns 7,880 shares of the company’s stock worth $260,000 after acquiring an additional 652 shares during the last quarter.

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.