U.S. Global GO GOLD and Precious Metal Miners ETF (NYSEARCA:GOAU) Short Interest Update

U.S. Global GO GOLD and Precious Metal Miners ETF (NYSEARCA:GOAU) saw a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 11,081 shares, a drop of 37.6% from the July 15th total of 17,754 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 30,350 shares, the short-interest ratio is currently 0.4 days.

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

An institutional investor recently raised its position in U.S. Global GO GOLD and Precious Metal Miners ETF stock. Principia Wealth Advisory LLC increased its position in shares of U.S. Global GO GOLD and Precious Metal Miners ETF (NYSEARCA:GOAU) by 1.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 68,792 shares of the company’s stock after purchasing an additional 1,077 shares during the period. U.S. Global GO GOLD and Precious Metal Miners ETF comprises about 0.8% of Principia Wealth Advisory LLC’s investment portfolio, making the stock its 16th largest position. Principia Wealth Advisory LLC owned about 1.55% of U.S. Global GO GOLD and Precious Metal Miners ETF worth $2,928,000 at the end of the most recent reporting period.

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

Shares of NYSEARCA:GOAU traded up $3.40 on Wednesday, hitting $46.90. 21,091 shares of the company were exchanged, compared to its average volume of 38,156. The company’s 50 day moving average price is $38.96 and its two-hundred day moving average price is $43.48. The firm has a market capitalization of $208.24 million, a price-to-earnings ratio of 22.28 and a beta of 0.69. U.S. Global GO GOLD and Precious Metal Miners ETF has a one year low of $30.90 and a one year high of $57.09.

U.S. Global GO GOLD and Precious Metal Miners ETF Company Profile

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.