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

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

iShares MSCI Global Gold Miners ETF Stock Performance

iShares MSCI Global Gold Miners ETF stock opened at $83.13 on Friday. iShares MSCI Global Gold Miners ETF has a fifty-two week low of $30.02 and a fifty-two week high of $84.59. The company has a market capitalization of $3.28 billion, a price-to-earnings ratio of 19.24 and a beta of 0.50. The stock has a fifty day moving average of $72.53 and a two-hundred day moving average of $61.06.

iShares MSCI Global Gold Miners ETF Dividend Announcement

The business also recently disclosed 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 yield of 105.0%. The ex-dividend date was Tuesday, December 16th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. CoreCap Advisors LLC grew its holdings in shares of iShares MSCI Global Gold Miners ETF by 52.3% during the fourth quarter. CoreCap Advisors LLC now owns 492 shares of the exchange traded fund’s stock worth $36,000 after buying an additional 169 shares in the last quarter. Trust Co. of Toledo NA OH acquired a new stake in iShares MSCI Global Gold Miners ETF during the second quarter worth approximately $49,000. Cloud Capital Management LLC acquired a new stake in iShares MSCI Global Gold Miners ETF during the third quarter worth approximately $85,000. EverSource Wealth Advisors LLC acquired a new stake in iShares MSCI Global Gold Miners ETF during the second quarter worth approximately $100,000. Finally, Strategic Blueprint LLC purchased a new stake in 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.