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

iShares MSCI Global Gold Miners ETF (NASDAQ:RING) saw a significant decline in short interest in the month of December. As of December 15th, there was short interest totalling 344,300 shares, a decline of 22.8% from the November 30th total of 445,700 shares. Based on an average daily volume of 479,200 shares, the short-interest ratio is presently 0.7 days.

Institutional Trading of iShares MSCI Global Gold Miners ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. E Fund Management Co. Ltd. increased its holdings in iShares MSCI Global Gold Miners ETF by 6.4% during the 2nd quarter. E Fund Management Co. Ltd. now owns 145,840 shares of the exchange traded fund’s stock worth $4,027,000 after acquiring an additional 8,739 shares during the period. Fisher Asset Management LLC bought a new stake in iShares MSCI Global Gold Miners ETF during the third quarter valued at $245,000. Finally, Strategic Investment Solutions Inc. IL purchased a new position in iShares MSCI Global Gold Miners ETF during the second quarter worth about $43,000.

iShares MSCI Global Gold Miners ETF Trading Down 0.6 %

Shares of RING stock traded down $0.17 during trading on Friday, reaching $28.43. 80,790 shares of the company’s stock traded hands, compared to its average volume of 223,288. iShares MSCI Global Gold Miners ETF has a 1 year low of $20.18 and a 1 year high of $36.50. The company has a market capitalization of $622.62 million, a P/E ratio of 28.50 and a beta of 0.75. The firm’s 50-day moving average is $31.13 and its 200 day moving average is $31.08.

iShares MSCI Global Gold Miners ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 17th were issued a $0.216 dividend. The ex-dividend date was Tuesday, December 17th.

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.