GraniteShares Gold Trust (NYSEARCA:BAR) Short Interest Update

GraniteShares Gold Trust (NYSEARCA:BAR) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 223,258 shares, an increase of 88.0% from the August 15th total of 118,738 shares. Based on an average daily trading volume, of 255,514 shares, the short-interest ratio is currently 0.9 days. Currently, 0.7% of the company’s shares are short sold.

Key Stories Impacting GraniteShares Gold Trust

Here are the key news stories impacting GraniteShares Gold Trust this week:

• Positive Sentiment: Gold rallied as Treasury yields, oil prices and the dollar retreated, improving the appeal of non-yielding assets such as gold. Gold (XAUUSD) Price Forecast: Gold Buyers Need Oil and Yields to Stay Lower
• Positive Sentiment: Gold reclaimed its 50-day exponential moving average as the U.S. 10-year yield eased, signaling improved near-term momentum for BAR. Gold Price Forecast: Rally Reclaims 50-Day EMA as Yields Ease
• Positive Sentiment: Traders’ belief that the Federal Reserve can keep inflation under control helped lift gold, while silver and platinum also posted strong gains, reinforcing broader precious-metals momentum. Gold (XAUUSD), Silver, Platinum Forecasts – Gold Rallies As Traders Bet Fed Will Keep Inflation Under Control
• Neutral Sentiment: Gold edged higher as markets reassessed the path of interest rates after the Fed’s first rate hike in more than three years, leaving BAR sensitive to upcoming policy signals. Gold Ticks Up as Markets Weigh Fed Path
• Negative Sentiment: Hawkish Fed guidance and expectations for additional tightening could keep yields elevated and cap gold’s upside, despite the recent metals rebound. Gold (XAU/USD) & Silver Price Forecast: Metals Rebound but Hawkish Fed Caps Upside
• Negative Sentiment: India’s gold imports fell nearly 58% in August, suggesting weaker physical demand from a major consumer and creating a headwind for bullion prices. India’s Gold Imports Fall 58% in August
• Negative Sentiment: Short interest in BAR rose 88% in August, indicating increased bearish positioning and a potential source of volatility for the ETF. GraniteShares Gold Trust Short Interest Up 88.0% in August

GraniteShares Gold Trust Trading Up 1.6%

BAR stock opened at $42.74 on Friday. The business’s fifty day moving average price is $42.18 and its 200 day moving average price is $43.95. GraniteShares Gold Trust has a 12-month low of $35.78 and a 12-month high of $54.63.

Institutional Trading of GraniteShares Gold Trust

Several hedge funds have recently made changes to their positions in BAR. Brandywine Oak Private Wealth LLC boosted its stake in shares of GraniteShares Gold Trust by 0.6% in the first quarter. Brandywine Oak Private Wealth LLC now owns 430,687 shares of the company’s stock valued at $19,868,000 after purchasing an additional 2,735 shares during the period. Rockefeller Capital Management L.P. boosted its position in GraniteShares Gold Trust by 3.1% in the 4th quarter. Rockefeller Capital Management L.P. now owns 463,694 shares of the company’s stock valued at $19,702,000 after buying an additional 13,833 shares during the period. ALM First Financial Advisors LLC grew its stake in shares of GraniteShares Gold Trust by 20.7% in the second quarter. ALM First Financial Advisors LLC now owns 281,590 shares of the company’s stock worth $11,131,000 after acquiring an additional 48,237 shares in the last quarter. Maridea Wealth Management LLC grew its stake in shares of GraniteShares Gold Trust by 7.8% in the first quarter. Maridea Wealth Management LLC now owns 231,757 shares of the company’s stock worth $10,691,000 after acquiring an additional 16,835 shares in the last quarter. Finally, Empowered Funds LLC increased its position in shares of GraniteShares Gold Trust by 11.3% during the first quarter. Empowered Funds LLC now owns 225,661 shares of the company’s stock worth $10,410,000 after acquiring an additional 22,907 shares during the period.

GraniteShares Gold Trust Company Profile

The GraniteShares Gold Trust (BAR) is an exchange-traded fund that is based on the LBMA Gold Price index. The fund tracks the gold spot price, less trust expenses and liabilities, using physically held gold stored and secured in vaults in London. BAR was launched on Aug 31, 2017 and is managed by GraniteShares.