iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Short Interest Down 72.5% in April

iShares MSCI Global Gold Miners ETF (NASDAQ:RING) was the recipient of a significant decrease in short interest in April. As of April 30th, there was short interest totaling 152,493 shares, a decrease of 72.5% from the April 15th total of 553,606 shares. Based on an average trading volume of 349,916 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.4% of the shares of the company are sold short.

Hedge Funds Weigh In On iShares MSCI Global Gold Miners ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. CoreCap Advisors LLC increased its holdings in shares of iShares MSCI Global Gold Miners ETF by 52.3% in the fourth quarter. CoreCap Advisors LLC now owns 492 shares of the exchange traded fund’s stock valued at $36,000 after purchasing an additional 169 shares during the last quarter. Cloud Capital Management LLC acquired a new position in shares of iShares MSCI Global Gold Miners ETF in the third quarter valued at $85,000. EverSource Wealth Advisors LLC acquired a new position in shares of iShares MSCI Global Gold Miners ETF in the second quarter valued at $100,000. Creative Financial Designs Inc. ADV increased 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 purchasing an additional 178 shares during the last quarter. Finally, Prism Advisors Inc. acquired a new position in shares of iShares MSCI Global Gold Miners ETF in the fourth quarter valued at $205,000.

iShares MSCI Global Gold Miners ETF Price Performance

NASDAQ RING traded down $0.96 on Wednesday, hitting $83.60. 162,297 shares of the stock were exchanged, compared to its average volume of 518,007. The business’s fifty day moving average is $81.64 and its 200 day moving average is $78.27. iShares MSCI Global Gold Miners ETF has a 52 week low of $37.79 and a 52 week high of $100.41. The company has a market capitalization of $3.15 billion, a PE ratio of 19.24 and a beta of 0.57.

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.