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

iShares MSCI Global Gold Miners ETF (NASDAQ:RING) was the target of a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 676,878 shares, a growth of 127.8% from the January 15th total of 297,127 shares. Approximately 1.7% of the company’s shares are short sold. Based on an average trading volume of 817,410 shares, the days-to-cover ratio is presently 0.8 days. Based on an average trading volume of 817,410 shares, the days-to-cover ratio is presently 0.8 days. Approximately 1.7% of the company’s shares are short sold.

Hedge Funds Weigh In On iShares MSCI Global Gold Miners ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Strategic Blueprint LLC bought a new position in iShares MSCI Global Gold Miners ETF in the 2nd quarter valued at about $239,000. GPS Wealth Strategies Group LLC raised its stake in shares of iShares MSCI Global Gold Miners ETF by 315.7% in the second quarter. GPS Wealth Strategies Group LLC now owns 16,919 shares of the exchange traded fund’s stock worth $741,000 after purchasing an additional 12,849 shares during the last quarter. Jones Financial Companies Lllp raised its stake in shares of iShares MSCI Global Gold Miners ETF by 55.0% in the third quarter. Jones Financial Companies Lllp now owns 22,940 shares of the exchange traded fund’s stock worth $1,463,000 after purchasing an additional 8,141 shares during the last quarter. Creative Financial Designs Inc. ADV lifted 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 in the last quarter. Finally, Climber Capital SA purchased a new position in shares of iShares MSCI Global Gold Miners ETF during the fourth quarter valued at approximately $4,383,000.

iShares MSCI Global Gold Miners ETF Stock Performance

Shares of RING stock traded down $5.97 during mid-day trading on Thursday, hitting $84.59. The company’s stock had a trading volume of 360,221 shares, compared to its average volume of 625,458. The company’s fifty day simple moving average is $79.90 and its 200-day simple moving average is $66.62. iShares MSCI Global Gold Miners ETF has a 52 week low of $31.95 and a 52 week high of $98.00. The company has a market cap of $3.45 billion, a PE ratio of 19.24 and a beta of 0.50.

iShares MSCI Global Gold Miners ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 16th were issued a $0.3775 dividend. This represents a yield of 105.0%. The ex-dividend date was Tuesday, December 16th.

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.