iShares MSCI Global Gold Miners ETF (NASDAQ:RING – Get Free Report) was the recipient of a large decrease in short interest during the month of 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 daily volume of 349,916 shares, the short-interest ratio is currently 0.4 days. Currently, 0.4% of the shares of the stock are sold short.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the stock. CoreCap Advisors LLC raised its holdings in iShares MSCI Global Gold Miners ETF by 52.3% in the 4th quarter. CoreCap Advisors LLC now owns 492 shares of the exchange traded fund’s stock valued at $36,000 after acquiring an additional 169 shares during the last quarter. Cloud Capital Management LLC acquired a new stake in iShares MSCI Global Gold Miners ETF in the 3rd quarter valued at about $85,000. EverSource Wealth Advisors LLC acquired a new stake in iShares MSCI Global Gold Miners ETF in the 2nd quarter valued at about $100,000. Creative Financial Designs Inc. ADV raised its holdings in iShares MSCI Global Gold Miners ETF by 7.7% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 2,500 shares of the exchange traded fund’s stock valued at $184,000 after acquiring an additional 178 shares during the last quarter. Finally, Prism Advisors Inc. acquired a new stake in iShares MSCI Global Gold Miners ETF in the 4th quarter valued at about $205,000.
iShares MSCI Global Gold Miners ETF Stock Performance
Shares of RING traded down $5.63 during mid-day trading on Friday, hitting $76.02. 226,908 shares of the company were exchanged, compared to its average volume of 512,889. iShares MSCI Global Gold Miners ETF has a 1-year low of $37.88 and a 1-year high of $100.41. The company has a 50 day moving average of $80.85 and a 200-day moving average of $78.53. The stock has a market cap of $2.87 billion, a price-to-earnings ratio of 19.24 and a beta of 0.57.
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.
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