Short Interest in iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Rises By 245.7%

iShares MSCI Global Gold Miners ETF (NASDAQ:RING) was the target of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 1,249,845 shares, a growth of 245.7% from the June 30th total of 361,591 shares. Based on an average trading volume of 553,650 shares, the days-to-cover ratio is presently 2.3 days. Approximately 3.5% of the shares of the company are short sold.

Institutional Trading of iShares MSCI Global Gold Miners ETF

A number of hedge funds have recently modified their holdings of RING. CoreCap Advisors LLC grew its holdings in shares of iShares MSCI Global Gold Miners ETF by 52.3% during the 4th quarter. CoreCap Advisors LLC now owns 492 shares of the exchange traded fund’s stock worth $36,000 after purchasing an additional 169 shares in the last quarter. Creative Financial Designs Inc. ADV lifted its position in 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 worth $184,000 after purchasing an additional 178 shares during the period. Strategic Blueprint LLC boosted its stake in iShares MSCI Global Gold Miners ETF by 12.0% during the fourth quarter. Strategic Blueprint LLC now owns 6,543 shares of the exchange traded fund’s stock worth $482,000 after buying an additional 700 shares in the last quarter. EverSource Wealth Advisors LLC acquired a new stake in iShares MSCI Global Gold Miners ETF during the second quarter worth $100,000. Finally, Prism Advisors Inc. acquired a new stake in iShares MSCI Global Gold Miners ETF during the fourth quarter worth $205,000.

iShares MSCI Global Gold Miners ETF Trading Down 1.1%

NASDAQ:RING traded down $0.73 during trading hours on Tuesday, hitting $64.32. 129,216 shares of the company traded hands, compared to its average volume of 555,095. iShares MSCI Global Gold Miners ETF has a twelve month low of $43.50 and a twelve month high of $100.41. The firm has a 50-day moving average of $68.62 and a 200 day moving average of $78.56. The stock has a market capitalization of $2.29 billion, a price-to-earnings ratio of 19.24 and a beta of 0.61.

iShares MSCI Global Gold Miners ETF Announces Dividend

The company also recently announced a dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were given a dividend of $0.5264 per share. The ex-dividend date of this dividend was Monday, June 15th.

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.