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

iShares MSCI Global Gold Miners ETF (NASDAQ:RING) saw a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 98,847 shares, a decrease of 92.1% from the July 15th total of 1,249,845 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 1,091,505 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of iShares MSCI Global Gold Miners ETF

A number of institutional investors and hedge funds have recently modified their holdings of RING. Janney Montgomery Scott LLC bought a new position in iShares MSCI Global Gold Miners ETF during the 1st quarter worth approximately $1,290,000. Climber Capital SA bought a new stake in iShares MSCI Global Gold Miners ETF in the fourth quarter valued at approximately $4,383,000. Creative Financial Designs Inc. ADV increased its stake in iShares MSCI Global Gold Miners ETF by 7.7% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 2,500 shares of the exchange traded fund’s stock valued at $184,000 after purchasing an additional 178 shares in the last quarter. Strategic Blueprint LLC raised its holdings in iShares MSCI Global Gold Miners ETF by 12.0% in the fourth quarter. Strategic Blueprint LLC now owns 6,543 shares of the exchange traded fund’s stock worth $482,000 after purchasing an additional 700 shares during the period. Finally, Prism Advisors Inc. bought a new position in shares of iShares MSCI Global Gold Miners ETF during the fourth quarter worth $205,000.

iShares MSCI Global Gold Miners ETF Trading Down 0.3%

Shares of NASDAQ:RING traded down $0.25 during midday trading on Tuesday, hitting $78.13. The company had a trading volume of 285,696 shares, compared to its average volume of 574,961. iShares MSCI Global Gold Miners ETF has a 12 month low of $48.14 and a 12 month high of $100.41. The firm has a fifty day simple moving average of $67.38 and a 200 day simple moving average of $77.63. The stock has a market cap of $2.57 billion, a price-to-earnings ratio of 19.24 and a beta of 0.61.

iShares MSCI Global Gold Miners ETF Announces Dividend

The business also recently announced a dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were issued a dividend of $0.5264 per share. The ex-dividend date was Monday, June 15th.

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.