iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Short Interest Down 25.1% in December

iShares MSCI Global Gold Miners ETF (NASDAQ:RING) saw a significant drop in short interest in December. As of December 31st, there was short interest totaling 310,528 shares, a drop of 25.1% from the December 15th total of 414,519 shares. Based on an average daily volume of 558,655 shares, the short-interest ratio is currently 0.6 days. Currently, 0.8% of the company’s stock are sold short. Currently, 0.8% of the company’s stock are sold short. Based on an average daily volume of 558,655 shares, the short-interest ratio is currently 0.6 days.

iShares MSCI Global Gold Miners ETF Stock Down 0.4%

RING stock traded down $0.32 during trading on Friday, reaching $83.13. The stock had a trading volume of 343,333 shares, compared to its average volume of 462,448. The company has a market capitalization of $3.31 billion, a price-to-earnings ratio of 19.24 and a beta of 0.50. iShares MSCI Global Gold Miners ETF has a one year low of $30.02 and a one year high of $84.59. The company’s 50 day moving average is $72.53 and its two-hundred day moving average is $61.30.

iShares MSCI Global Gold Miners ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, December 19th. Investors of record on Tuesday, December 16th were given a dividend of $0.3775 per share. This represents a dividend yield of 105.0%. The ex-dividend date of this dividend was Tuesday, December 16th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. CoreCap Advisors LLC boosted its holdings in shares of iShares MSCI Global Gold Miners ETF by 52.3% in the 4th quarter. CoreCap Advisors LLC now owns 492 shares of the exchange traded fund’s stock worth $36,000 after buying an additional 169 shares during the last quarter. Trust Co. of Toledo NA OH purchased a new position in iShares MSCI Global Gold Miners ETF in the second quarter valued at about $49,000. Cloud Capital Management LLC bought a new position in shares of iShares MSCI Global Gold Miners ETF during the 3rd quarter valued at approximately $85,000. EverSource Wealth Advisors LLC purchased a new stake in shares of iShares MSCI Global Gold Miners ETF during the 2nd quarter worth approximately $100,000. Finally, Strategic Blueprint LLC bought a new stake in shares of iShares MSCI Global Gold Miners ETF in the 2nd quarter worth approximately $239,000.

iShares MSCI Global Gold Miners ETF Company Profile

The iShares MSCI Global Gold Miners ETF (RING) is an exchange-traded fund that is based on the MSCI ACWI Select Gold Miners IMI index, a market-cap-weighted index of companies that generate revenue primarily from gold mining. RING was launched on Jan 31, 2012 and is managed by BlackRock.