Short Interest in iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Declines By 72.8%

iShares MSCI Global Gold Miners ETF (NASDAQ:RING) was the target of a significant drop in short interest during the month of March. As of March 13th, there was short interest totaling 184,009 shares, a drop of 72.8% from the February 26th total of 676,514 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average trading volume of 484,256 shares, the short-interest ratio is currently 0.4 days. Based on an average trading volume of 484,256 shares, the short-interest ratio is currently 0.4 days. Approximately 0.5% of the shares of the company are short sold.

iShares MSCI Global Gold Miners ETF Trading Up 0.1%

Shares of RING stock opened at $72.33 on Wednesday. The firm has a market capitalization of $2.95 billion, a P/E ratio of 19.24 and a beta of 0.50. iShares MSCI Global Gold Miners ETF has a 1 year low of $33.35 and a 1 year high of $100.41. The firm’s fifty day simple moving average is $86.71 and its 200 day simple moving average is $74.23.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in RING. Advisory Services Network LLC raised its position in shares of iShares MSCI Global Gold Miners ETF by 68.3% during the fourth quarter. Advisory Services Network LLC now owns 41,502 shares of the exchange traded fund’s stock valued at $3,056,000 after buying an additional 16,837 shares during the last quarter. Marshall Wace LLP acquired a new stake in iShares MSCI Global Gold Miners ETF during the fourth quarter worth about $3,336,000. Arkadios Wealth Advisors bought a new position in iShares MSCI Global Gold Miners ETF during the fourth quarter valued at about $218,000. JPMorgan Chase & Co. increased its stake in iShares MSCI Global Gold Miners ETF by 9.7% during the fourth quarter. JPMorgan Chase & Co. now owns 265,137 shares of the exchange traded fund’s stock valued at $19,525,000 after acquiring an additional 23,361 shares during the period. Finally, Creative Financial Designs Inc. ADV raised its holdings in iShares MSCI Global Gold Miners ETF by 7.7% in the 4th 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.

About iShares MSCI Global Gold Miners ETF

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.