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 target of a significant growth in short interest in June. As of June 15th, there was short interest totaling 239,002 shares, a growth of 131.9% from the May 31st total of 103,080 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average daily volume of 561,154 shares, the days-to-cover ratio is currently 0.4 days.

iShares MSCI Global Gold Miners ETF Stock Down 2.5%

RING traded down $1.65 during trading on Monday, reaching $64.31. 84,684 shares of the company’s stock were exchanged, compared to its average volume of 538,391. iShares MSCI Global Gold Miners ETF has a fifty-two week low of $42.51 and a fifty-two week high of $100.41. The business has a 50 day moving average price of $75.44 and a 200 day moving average price of $80.05. The company has a market capitalization of $2.42 billion, a P/E ratio of 19.24 and a beta of 0.57.

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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 issued a dividend of $0.5264 per share. The ex-dividend date of this dividend was Monday, June 15th.

Institutional Trading of iShares MSCI Global Gold Miners ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RING. Janney Montgomery Scott LLC acquired a new position in iShares MSCI Global Gold Miners ETF in the first quarter worth about $1,290,000. Advisory Services Network LLC grew its stake in shares of iShares MSCI Global Gold Miners ETF by 68.3% in the 4th quarter. Advisory Services Network LLC now owns 41,502 shares of the exchange traded fund’s stock valued at $3,056,000 after purchasing an additional 16,837 shares during the period. Marshall Wace LLP bought a new stake in shares of iShares MSCI Global Gold Miners ETF in the 4th quarter valued at approximately $3,336,000. Arkadios Wealth Advisors acquired a new position in shares of iShares MSCI Global Gold Miners ETF in the 4th quarter worth approximately $218,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of iShares MSCI Global Gold Miners ETF by 9.7% in the 4th quarter. JPMorgan Chase & Co. now owns 265,137 shares of the exchange traded fund’s stock worth $19,525,000 after buying an additional 23,361 shares in the last quarter.

iShares MSCI Global Gold Miners ETF Company Profile

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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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