iShares MSCI Global Gold Miners ETF (NASDAQ:RING – Get Free Report) saw a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 609,234 shares, a decrease of 41.6% from the August 31st total of 1,043,832 shares. Based on an average trading volume of 834,193 shares, the days-to-cover ratio is presently 0.7 days. Currently, 2.1% of the company’s shares are short sold.
iShares MSCI Global Gold Miners ETF Stock Performance
iShares MSCI Global Gold Miners ETF stock traded down $1.15 during trading on Wednesday, reaching $76.61. The company had a trading volume of 376,943 shares, compared to its average volume of 611,486. iShares MSCI Global Gold Miners ETF has a 12-month low of $58.21 and a 12-month high of $100.41. The stock’s 50 day moving average price is $79.66 and its two-hundred day moving average price is $76.30. The firm has a market capitalization of $2.32 billion, a price-to-earnings ratio of 19.24 and a beta of 0.67.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the company. Syon Capital LLC lifted its stake in shares of iShares MSCI Global Gold Miners ETF by 53.5% in the 2nd quarter. Syon Capital LLC now owns 187,958 shares of the exchange traded fund’s stock valued at $12,142,000 after purchasing an additional 65,538 shares in the last quarter. Trust Co. of Vermont purchased a new position in iShares MSCI Global Gold Miners ETF in the second quarter valued at approximately $42,000. Allied Private Wealth LLC acquired a new position in iShares MSCI Global Gold Miners ETF during the second quarter valued at approximately $355,000. Finally, Janney Montgomery Scott LLC acquired a new position in iShares MSCI Global Gold Miners ETF during the first quarter valued at approximately $1,290,000.
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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