iShares Gold Trust Micro (NYSEARCA:IAUM) Stock Short Interest Falls 84.2%

iShares Gold Trust Micro (NYSEARCA:IAUM) was the recipient of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 1,139,378 shares, a decrease of 84.2% from the August 31st total of 7,213,068 shares. Based on an average daily volume of 2,963,186 shares, the short-interest ratio is presently 0.4 days. Currently, 0.7% of the company’s stock are sold short.

Hedge Funds Weigh In On iShares Gold Trust Micro

Hedge funds and other institutional investors have recently made changes to their positions in the company. Atomic Invest LLC raised its position in iShares Gold Trust Micro by 35.9% during the second quarter. Atomic Invest LLC now owns 2,980 shares of the company’s stock worth $119,000 after acquiring an additional 788 shares in the last quarter. NewEdge Advisors LLC increased its stake in shares of iShares Gold Trust Micro by 23.2% during the 2nd quarter. NewEdge Advisors LLC now owns 10,594 shares of the company’s stock worth $424,000 after purchasing an additional 1,998 shares during the last quarter. Avos Capital Management LLC raised its holdings in shares of iShares Gold Trust Micro by 18.0% in the 2nd quarter. Avos Capital Management LLC now owns 13,555 shares of the company’s stock valued at $542,000 after purchasing an additional 2,068 shares during the period. Compass Financial Management LLC bought a new stake in shares of iShares Gold Trust Micro in the 2nd quarter valued at about $37,000. Finally, KFG Wealth Management LLC acquired a new stake in iShares Gold Trust Micro in the 2nd quarter valued at about $333,000.

iShares Gold Trust Micro Stock Up 0.4%

IAUM stock traded up $0.18 during mid-day trading on Friday, reaching $42.77. The company had a trading volume of 2,664,665 shares, compared to its average volume of 4,462,441. iShares Gold Trust Micro has a 52 week low of $37.41 and a 52 week high of $55.27. The stock has a 50 day simple moving average of $43.05 and a two-hundred day simple moving average of $44.18.

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.