Short Interest in iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Rises By 1,416.1%

iShares MSCI Global Gold Miners ETF (NASDAQ:RING) was the recipient of a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 498,800 shares, a growth of 1,416.1% from the December 15th total of 32,900 shares. Based on an average daily volume of 140,900 shares, the days-to-cover ratio is currently 3.5 days.

NASDAQ:RING opened at $26.14 on Friday. iShares MSCI Global Gold Miners ETF has a twelve month low of $23.91 and a twelve month high of $33.87. The stock’s 50 day moving average price is $26.58 and its two-hundred day moving average price is $26.71.

The firm also recently announced a Semi-Annual dividend, which was paid on Friday, December 17th. Stockholders of record on Tuesday, December 14th were paid a dividend of $0.331 per share. This is an increase from iShares MSCI Global Gold Miners ETF’s previous Semi-Annual dividend of $0.31. The ex-dividend date was Monday, December 13th.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Next Capital Management LLC bought a new position in shares of iShares MSCI Global Gold Miners ETF during the 4th quarter worth approximately $419,000. Versant Capital Management Inc boosted its stake in shares of iShares MSCI Global Gold Miners ETF by 244.5% during the 4th quarter. Versant Capital Management Inc now owns 34,429 shares of the exchange traded fund’s stock worth $929,000 after acquiring an additional 24,435 shares during the period. Crestmont Private Wealth LLC bought a new position in shares of iShares MSCI Global Gold Miners ETF during the 4th quarter worth approximately $199,000. OLD Mission Capital LLC bought a new position in shares of iShares MSCI Global Gold Miners ETF during the 3rd quarter worth approximately $4,386,000. Finally, E Fund Management Co. Ltd. bought a new position in shares of iShares MSCI Global Gold Miners ETF during the 3rd quarter worth approximately $4,602,000.

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