Ishares Gold Trust (NYSEARCA:IAU) saw a large growth in short interest during the month of March. As of March 29th, there was short interest totalling 8,081,263 shares, a growth of 244.5% from the March 15th total of 2,345,582 shares. Based on an average daily volume of 13,493,207 shares, the short-interest ratio is presently 0.6 days.
Institutional investors have recently added to or reduced their stakes in the business. Certified Advisory Corp purchased a new stake in shares of Ishares Gold Trust in the 4th quarter worth approximately $120,000. Barrett Asset Management LLC lifted its position in shares of Ishares Gold Trust by 206.5% in the 4th quarter. Barrett Asset Management LLC now owns 9,885 shares of the exchange traded fund’s stock worth $124,000 after purchasing an additional 6,660 shares during the period. Macroview Investment Management LLC lifted its position in shares of Ishares Gold Trust by 417.3% in the 4th quarter. Macroview Investment Management LLC now owns 10,165 shares of the exchange traded fund’s stock worth $127,000 after purchasing an additional 8,200 shares during the period. Pennsylvania Trust Co purchased a new stake in shares of Ishares Gold Trust in the 4th quarter worth approximately $129,000. Finally, Pinnacle Associates Ltd. purchased a new stake in shares of Ishares Gold Trust in the 4th quarter worth approximately $141,000.
Ishares Gold Trust stock opened at $12.93 on Tuesday. Ishares Gold Trust has a 1 year low of $11.61 and a 1 year high of $13.11.
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About Ishares Gold Trust
iShares Gold Trust (the Trust) is to own gold transferred to the Trust in exchange for shares issued by the Trust (Shares). Each Share represents a fractional undivided beneficial interest in the net assets of the Trust. The assets of the Trust consist of gold held by the Trust’s custodian on behalf of the Trust.
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