U.S. Global GO GOLD and Precious Metal Miners ETF (NYSEARCA:GOAU) Short Interest Down 41.2% in June

U.S. Global GO GOLD and Precious Metal Miners ETF (NYSEARCA:GOAU) saw a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 22,292 shares, a drop of 41.2% from the June 15th total of 37,881 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average trading volume of 41,415 shares, the short-interest ratio is presently 0.5 days.

Institutional Trading of U.S. Global GO GOLD and Precious Metal Miners ETF

A hedge fund recently bought a new stake in U.S. Global GO GOLD and Precious Metal Miners ETF stock. Beaumont Financial Advisors LLC purchased a new position in shares of U.S. Global GO GOLD and Precious Metal Miners ETF (NYSEARCA:GOAU) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,541 shares of the company’s stock, valued at approximately $201,000. Beaumont Financial Advisors LLC owned about 0.10% of U.S. Global GO GOLD and Precious Metal Miners ETF as of its most recent SEC filing.

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

U.S. Global GO GOLD and Precious Metal Miners ETF stock traded down $1.35 on Thursday, reaching $35.08. The company’s stock had a trading volume of 16,994 shares, compared to its average volume of 39,636. The company has a market cap of $155.76 million, a price-to-earnings ratio of 22.28 and a beta of 0.68. The business’s fifty day moving average price is $40.21 and its 200 day moving average price is $44.82. U.S. Global GO GOLD and Precious Metal Miners ETF has a twelve month low of $28.27 and a twelve month high of $57.09.

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.