Short Interest in U.S. Global GO GOLD and Precious Metal Miners ETF (NYSEARCA:GOAU) Drops By 55.7%

U.S. Global GO GOLD and Precious Metal Miners ETF (NYSEARCA:GOAU) was the target of a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 17,492 shares, a drop of 55.7% from the April 15th total of 39,442 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 26,870 shares, the days-to-cover ratio is currently 0.7 days.

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

Shares of NYSEARCA:GOAU traded down $3.13 during mid-day trading on Friday, hitting $42.37. 45,594 shares of the company traded hands, compared to its average volume of 40,424. The firm has a market cap of $188.12 million, a P/E ratio of 22.28 and a beta of 0.65. U.S. Global GO GOLD and Precious Metal Miners ETF has a 52-week low of $25.53 and a 52-week high of $57.09. The firm’s 50 day simple moving average is $45.14 and its 200 day simple moving average is $45.03.

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

A hedge fund recently raised its stake in U.S. Global GO GOLD and Precious Metal Miners ETF stock. Principia Wealth Advisory LLC raised its holdings in shares of U.S. Global GO GOLD and Precious Metal Miners ETF (NYSEARCA:GOAU) by 1.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 68,792 shares of the company’s stock after purchasing an additional 1,077 shares during the quarter. U.S. Global GO GOLD and Precious Metal Miners ETF accounts for 0.8% of Principia Wealth Advisory LLC’s portfolio, making the stock its 16th largest position. Principia Wealth Advisory LLC owned 1.55% of U.S. Global GO GOLD and Precious Metal Miners ETF worth $2,928,000 as of its most recent SEC filing.

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.