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

iShares MSCI Global Gold Miners ETF (NASDAQ:RING – Get Free Report) was the recipient of a large increase in short interest in August. As of August 14th, there was short interest totaling 520,524 shares, an increase of 426.6% from the July 30th total of 98,847 shares. Based on an average trading volume of 700,582 shares, the short-interest ratio is currently 0.7 days. Currently, 1.6% of the company’s shares are short sold.

iShares MSCI Global Gold Miners ETF Stock Down 2.6%

NASDAQ RING traded down $2.39 during trading on Wednesday, hitting $90.78. The stock had a trading volume of 183,119 shares, compared to its average volume of 600,221. The company has a market capitalization of $2.98 billion, a PE ratio of 19.24 and a beta of 0.61. The firm has a 50 day moving average price of $70.18 and a 200 day moving average price of $77.25. iShares MSCI Global Gold Miners ETF has a twelve month low of $51.72 and a twelve month high of $100.41.

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iShares MSCI Global Gold Miners ETF Dividend Announcement

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

Institutional Investors Weigh In On iShares MSCI Global Gold Miners ETF

Large investors have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC purchased a new stake in iShares MSCI Global Gold Miners ETF during the 1st quarter worth about $1,290,000. Climber Capital SA purchased a new position in shares of iShares MSCI Global Gold Miners ETF in the 4th quarter valued at about $4,383,000. Creative Financial Designs Inc. ADV grew its position 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 buying an additional 178 shares in the last quarter. Strategic Blueprint LLC grew its position in shares of iShares MSCI Global Gold Miners ETF by 12.0% during the fourth quarter. Strategic Blueprint LLC now owns 6,543 shares of the exchange traded fund’s stock worth $482,000 after buying an additional 700 shares in the last quarter. Finally, Advisory Services Network LLC grew its position in shares of iShares MSCI Global Gold Miners ETF by 68.3% during the fourth quarter. Advisory Services Network LLC now owns 41,502 shares of the exchange traded fund’s stock worth $3,056,000 after buying an additional 16,837 shares in the last quarter.

iShares MSCI Global Gold Miners ETF Company Profile

(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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