iShares Gold Trust (IAU) Sees Large Decrease in Short Interest

iShares Gold Trust (NYSEARCA:IAU) was the recipient of a large decrease in short interest in November. As of November 15th, there was short interest totalling 4,612,554 shares, a decrease of 34.3% from the October 31st total of 7,020,058 shares. Based on an average daily trading volume, of 8,191,110 shares, the days-to-cover ratio is currently 0.6 days.

Several hedge funds have recently made changes to their positions in the stock. Harbour Capital Advisors LLC lifted its holdings in iShares Gold Trust by 1,094.0% during the second quarter. Harbour Capital Advisors LLC now owns 35,820 shares of the exchange traded fund’s stock worth $3,000,000 after acquiring an additional 32,820 shares during the period. Janney Montgomery Scott LLC raised its stake in shares of iShares Gold Trust by 8.4% in the second quarter. Janney Montgomery Scott LLC now owns 18,109 shares of the exchange traded fund’s stock valued at $216,000 after buying an additional 1,404 shares during the period. Bessemer Group Inc. raised its stake in shares of iShares Gold Trust by 8.1% in the second quarter. Bessemer Group Inc. now owns 66,995 shares of the exchange traded fund’s stock valued at $800,000 after buying an additional 5,000 shares during the period. Sei Investments Co. raised its stake in shares of iShares Gold Trust by 16.3% in the second quarter. Sei Investments Co. now owns 3,035,467 shares of the exchange traded fund’s stock valued at $36,243,000 after buying an additional 424,571 shares during the period. Finally, Stratos Wealth Partners LTD. raised its stake in shares of iShares Gold Trust by 7.1% in the second quarter. Stratos Wealth Partners LTD. now owns 62,365 shares of the exchange traded fund’s stock valued at $745,000 after buying an additional 4,139 shares during the period.

Shares of iShares Gold Trust (IAU) opened at $11.99 on Friday. iShares Gold Trust has a 1-year low of $10.81 and a 1-year high of $12.98.

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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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