U.S. Global GO GOLD and Precious Metal Miners ETF (NYSEARCA:GOAU) Stock Short Interest Declines 68.2%

U.S. Global GO GOLD and Precious Metal Miners ETF (NYSEARCA:GOAU) was the recipient of a large drop in short interest in the month of October. As of October 30th, there was short interest totaling 9,032 shares, a drop of 68.2% from the October 15th total of 28,402 shares. Based on an average trading volume of 11,408 shares, the short-interest ratio is presently 0.8 days. Approximately 0.2% of the company’s shares are sold short.

Institutional Investors Weigh In On U.S. Global GO GOLD and Precious Metal Miners ETF

Hedge funds have recently added to or reduced their stakes in the business. Beaumont Financial Advisors LLC acquired a new position in U.S. Global GO GOLD and Precious Metal Miners ETF in the first quarter valued at approximately $201,000. Principia Wealth Advisory LLC boosted its holdings in shares of U.S. Global GO GOLD and Precious Metal Miners ETF by 6.3% during the 2nd quarter. Principia Wealth Advisory LLC now owns 63,636 shares of the company’s stock worth $2,367,000 after buying an additional 3,746 shares in the last quarter. Compass Financial Management LLC grew its position in shares of U.S. Global GO GOLD and Precious Metal Miners ETF by 63,938.5% during the 3rd quarter. Compass Financial Management LLC now owns 8,325 shares of the company’s stock worth $359,000 after buying an additional 8,312 shares during the period. TIAA CREF Individual & Institutional Services LLC acquired a new stake in shares of U.S. Global GO GOLD and Precious Metal Miners ETF during the 3rd quarter worth approximately $215,000. Finally, North Star Investment Management Corp. bought a new stake in shares of U.S. Global GO GOLD and Precious Metal Miners ETF in the 3rd quarter valued at $43,000.

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

Shares of NYSEARCA:GOAU traded down $0.05 during midday trading on Friday, reaching $40.41. The company’s stock had a trading volume of 8,513 shares, compared to its average volume of 32,699. The firm has a market capitalization of $179.43 million, a price-to-earnings ratio of 14.20 and a beta of 0.70. The firm has a 50 day moving average price of $43.55 and a two-hundred day moving average price of $43.94. U.S. Global GO GOLD and Precious Metal Miners ETF has a fifty-two week low of $34.34 and a fifty-two week 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.