U.S. Global GO GOLD and Precious Metal Miners ETF (NYSEARCA:GOAU) Shares Shorted: Short Interest Up 429.1% in September

U.S. Global GO GOLD and Precious Metal Miners ETF (NYSEARCA:GOAU) was the recipient of a significant growth in short interest in September. As of September 30th, there was short interest totaling 23,427 shares, a growth of 429.1% from the September 15th total of 4,428 shares. Based on an average daily volume of 21,756 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.5% of the company’s stock are sold short.

U.S. Global GO GOLD and Precious Metal Miners ETF Trading Up 2.5%

GOAU stock traded up $1.05 during mid-day trading on Friday, hitting $43.56. The stock had a trading volume of 7,545 shares, compared to its average volume of 34,998. U.S. Global GO GOLD and Precious Metal Miners ETF has a 1-year low of $34.34 and a 1-year high of $57.09. The company has a fifty day moving average of $45.90 and a 200 day moving average of $42.87. The stock has a market capitalization of $193.41 million, a price-to-earnings ratio of 22.28 and a beta of 0.71.

Institutional Inflows and Outflows

A hedge fund recently raised its position in U.S. Global GO GOLD and Precious Metal Miners ETF stock. Principia Wealth Advisory LLC lifted its holdings in U.S. Global GO GOLD and Precious Metal Miners ETF (NYSEARCA:GOAU) by 6.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 63,636 shares of the company’s stock after purchasing an additional 3,746 shares during the period. U.S. Global GO GOLD and Precious Metal Miners ETF accounts for about 0.5% of Principia Wealth Advisory LLC’s investment portfolio, making the stock its 25th biggest holding. Principia Wealth Advisory LLC owned approximately 1.43% of U.S. Global GO GOLD and Precious Metal Miners ETF worth $2,367,000 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.