iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Sees Large Growth in Short Interest

iShares MSCI Global Gold Miners ETF (NASDAQ:RINGGet Free Report) was the target of a significant growth in short interest in July. As of July 15th, there was short interest totaling 1,249,845 shares, a growth of 245.7% from the June 30th total of 361,591 shares. Approximately 3.5% of the company’s stock are short sold. Based on an average daily volume of 553,650 shares, the short-interest ratio is presently 2.3 days.

iShares MSCI Global Gold Miners ETF Stock Performance

iShares MSCI Global Gold Miners ETF stock remained flat at $64.49 during midday trading on Friday. The company had a trading volume of 169,366 shares, compared to its average volume of 559,053. The business’s 50 day moving average is $68.84 and its two-hundred day moving average is $78.64. iShares MSCI Global Gold Miners ETF has a 1 year low of $43.50 and a 1 year high of $100.41. The company has a market capitalization of $2.30 billion, a PE ratio of 19.24 and a beta of 0.61.

iShares MSCI Global Gold Miners ETF Announces Dividend

The company also recently announced a dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were given a $0.5264 dividend. The ex-dividend date was Monday, June 15th.

Institutional Investors Weigh In On iShares MSCI Global Gold Miners ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. CoreCap Advisors LLC lifted its stake in 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 purchasing an additional 169 shares during the last quarter. EverSource Wealth Advisors LLC bought a new stake in iShares MSCI Global Gold Miners ETF during the second quarter valued at $100,000. Creative Financial Designs Inc. ADV raised its holdings in shares of iShares MSCI Global Gold Miners ETF by 7.7% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 2,500 shares of the exchange traded fund’s stock worth $184,000 after purchasing an additional 178 shares during the period. Prism Advisors Inc. acquired a new stake in shares of iShares MSCI Global Gold Miners ETF during the fourth quarter worth $205,000. Finally, Arkadios Wealth Advisors bought a new position in shares of iShares MSCI Global Gold Miners ETF in the 4th quarter worth about $218,000.

About iShares MSCI Global Gold Miners ETF

(Get Free Report)

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.

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