Short Interest in Strategy Shares Gold Enhanced Yield ETF (BATS:GOLY) Increases By 4,226.2%

Strategy Shares Gold Enhanced Yield ETF (BATS:GOLY) was the target of a significant growth in short interest in July. As of July 31st, there was short interest totaling 36,686 shares, a growth of 4,226.2% from the July 15th total of 848 shares. Based on an average daily volume of 25,150 shares, the days-to-cover ratio is currently 1.5 days. Approximately 2.9% of the shares of the stock are sold short.

Strategy Shares Gold Enhanced Yield ETF Stock Performance

Shares of GOLY traded down $0.03 during mid-day trading on Tuesday, reaching $26.83. The stock had a trading volume of 27,341 shares, compared to its average volume of 61,635. The business has a fifty day moving average of $25.69 and a 200 day moving average of $30.41. Strategy Shares Gold Enhanced Yield ETF has a 12 month low of $24.15 and a 12 month high of $41.72.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of GOLY. NewEdge Advisors LLC increased its stake in Strategy Shares Gold Enhanced Yield ETF by 324.1% in the 1st quarter. NewEdge Advisors LLC now owns 25,118 shares of the company’s stock worth $740,000 after buying an additional 19,196 shares in the last quarter. Kestra Private Wealth Services LLC lifted its position in shares of Strategy Shares Gold Enhanced Yield ETF by 28.1% in the first quarter. Kestra Private Wealth Services LLC now owns 28,207 shares of the company’s stock valued at $831,000 after acquiring an additional 6,187 shares in the last quarter. Wetzel Investment Advisors Inc. lifted its position in shares of Strategy Shares Gold Enhanced Yield ETF by 55.2% in the first quarter. Wetzel Investment Advisors Inc. now owns 12,185 shares of the company’s stock valued at $359,000 after acquiring an additional 4,335 shares in the last quarter. Private Trust Co. NA bought a new position in shares of Strategy Shares Gold Enhanced Yield ETF in the fourth quarter worth about $95,000. Finally, International Assets Investment Management LLC boosted its stake in shares of Strategy Shares Gold Enhanced Yield ETF by 22.8% in the first quarter. International Assets Investment Management LLC now owns 14,464 shares of the company’s stock worth $441,000 after acquiring an additional 2,683 shares during the period.

Strategy Shares Gold Enhanced Yield ETF Company Profile

The Strategy Shares Gold-Hedged Bond ETF (GOLY) is an exchange-traded fund that is based on the Solactive Gold Backed Bond index. The fund tracks an index that provides broad exposure to USD-denominated investment grade corporate bonds while using near term gold futures to potentially hedge inflation risk. GOLY was launched on May 17, 2021 and is issued by Strategy Shares.