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GraniteShares Gold Shares (BAR-0.10%) has submitted its Form 10-Q filing for the quarterly period ended December 31, 2024.
The filing reports that the Trust's net asset value decreased from $879,107,605 on September 30, 2024, to $846,562,642 on December 31, 2024, representing a 3.7% decrease. This decrease was attributed to a 0.73% decrease in the price of gold and a reduction in the number of shares outstanding.
The Trust's net asset value per share decreased from $25.97 on September 30, 2024, to $25.77 on December 31, 2024, a decrease of 0.77%, primarily due to the Sponsor's fees.
For the six months ended December 31, 2024, the Trust's net asset value increased from $790,994,009 on June 30, 2024, to $846,562,642, a 7.0% increase, driven by a 12.0% increase in the price of gold.
The Trust's net asset value per share increased from $23.03 on June 30, 2024, to $25.77 on December 31, 2024, an 11.9% increase, also reflecting the rise in gold prices.
The Trust recorded a net decrease in net assets resulting from operations of $6,318,476 for the quarter, primarily due to an unrealized loss on investment in gold bullion.
For the six-month period ending December 31, 2024, the Trust reported a net increase in net assets resulting from operations of $93,692,045.
The filing also notes that the Trust has no off-balance sheet arrangements and no legal proceedings.
The Trust's investment strategy remains focused on holding gold bullion and issuing shares in exchange for gold deposits.
This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the GraniteShares Gold Shares quarterly 10-Q report dated February 3, 2025. To report an error, please email earnings@qz.com.