iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Short Interest Update

iShares MSCI Global Gold Miners ETF (NASDAQ:RING) was the recipient of a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 470,900 shares, an increase of 27.5% from the January 31st total of 369,400 shares. Based on an average daily volume of 254,400 shares, the days-to-cover ratio is presently 1.9 days.

Institutional Investors Weigh In On iShares MSCI Global Gold Miners ETF

Hedge funds have recently bought and sold shares of the stock. Wintrust Investments LLC bought a new stake in iShares MSCI Global Gold Miners ETF in the 4th quarter valued at $93,000. Fisher Asset Management LLC acquired a new stake in shares of iShares MSCI Global Gold Miners ETF during the third quarter worth $245,000. Jones Financial Companies Lllp boosted its position in shares of iShares MSCI Global Gold Miners ETF by 28.0% in the fourth quarter. Jones Financial Companies Lllp now owns 9,880 shares of the exchange traded fund’s stock valued at $278,000 after acquiring an additional 2,162 shares during the period. Family Firm Inc. grew its stake in shares of iShares MSCI Global Gold Miners ETF by 28.2% in the fourth quarter. Family Firm Inc. now owns 42,173 shares of the exchange traded fund’s stock valued at $1,185,000 after acquiring an additional 9,276 shares in the last quarter. Finally, Climber Capital SA bought a new position in iShares MSCI Global Gold Miners ETF during the fourth quarter worth about $1,821,000.

iShares MSCI Global Gold Miners ETF Trading Up 2.8 %

Shares of NASDAQ:RING traded up $0.93 on Wednesday, hitting $34.22. The company had a trading volume of 511,820 shares, compared to its average volume of 202,817. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of 21.70 and a beta of 0.75. The stock has a 50 day moving average price of $31.83 and a 200 day moving average price of $31.98. iShares MSCI Global Gold Miners ETF has a 1-year low of $23.15 and a 1-year high of $36.50.

iShares MSCI Global Gold Miners ETF Announces Dividend

The business also recently declared a dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 17th were issued a $0.216 dividend. The ex-dividend date of this dividend was Tuesday, December 17th.

iShares MSCI Global Gold Miners ETF Company Profile

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.