iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Short Interest Update

iShares MSCI Global Gold Miners ETF (NASDAQ:RING) was the target of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 1,043,832 shares, an increase of 100.5% from the August 15th total of 520,524 shares. Currently, 3.2% of the company’s shares are sold short. Based on an average daily volume of 810,315 shares, the short-interest ratio is presently 1.3 days.

iShares MSCI Global Gold Miners ETF Trading Down 3.0%

Shares of NASDAQ RING traded down $2.55 during mid-day trading on Monday, reaching $82.92. The company had a trading volume of 624,263 shares, compared to its average volume of 615,731. The stock has a market cap of $2.72 billion, a price-to-earnings ratio of 19.24 and a beta of 0.67. iShares MSCI Global Gold Miners ETF has a 52 week low of $57.45 and a 52 week high of $100.41. The business’s 50-day moving average is $75.29 and its 200-day moving average is $77.17.

Hedge Funds Weigh In On iShares MSCI Global Gold Miners ETF

Institutional investors have recently modified their holdings of the stock. Syon Capital LLC increased its holdings in iShares MSCI Global Gold Miners ETF by 53.5% during the 2nd quarter. Syon Capital LLC now owns 187,958 shares of the exchange traded fund’s stock worth $12,142,000 after purchasing an additional 65,538 shares during the period. Trust Co. of Vermont bought a new position in shares of iShares MSCI Global Gold Miners ETF during the 2nd quarter worth $42,000. Allied Private Wealth LLC purchased a new position in shares of iShares MSCI Global Gold Miners ETF during the second quarter valued at $355,000. Janney Montgomery Scott LLC purchased a new position in shares of iShares MSCI Global Gold Miners ETF during the first quarter valued at $1,290,000. Finally, Creative Financial Designs Inc. ADV raised its holdings in shares of iShares MSCI Global Gold Miners ETF by 7.7% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 2,500 shares of the exchange traded fund’s stock valued at $184,000 after acquiring an additional 178 shares in the last quarter.

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.