iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Stock Short Interest Report for October

iShares MSCI Global Gold Miners ETF (NASDAQ:RING) saw a large drop in short interest in October. As of October 15th, there was short interest totaling 387,313 shares, a drop of 54.8% from the September 30th total of 856,596 shares. Based on an average trading volume of 332,642 shares, the days-to-cover ratio is currently 1.2 days. Approximately 1.3% of the shares of the stock are short sold.

Institutional Investors Weigh In On iShares MSCI Global Gold Miners ETF

Hedge funds have recently added to or reduced their stakes in the business. Syon Capital LLC lifted its holdings in shares of iShares MSCI Global Gold Miners ETF by 53.5% during the second quarter. Syon Capital LLC now owns 187,958 shares of the exchange traded fund’s stock worth $12,142,000 after purchasing an additional 65,538 shares during the period. Janney Montgomery Scott LLC bought a new stake in shares of iShares MSCI Global Gold Miners ETF in the first quarter worth $1,290,000. Trust Co. of Vermont acquired a new stake in iShares MSCI Global Gold Miners ETF in the second quarter valued at $42,000. Allied Private Wealth LLC acquired a new stake in iShares MSCI Global Gold Miners ETF in the second quarter valued at $355,000. Finally, Prime Capital Investment Advisors LLC bought a new position in iShares MSCI Global Gold Miners ETF during the 3rd quarter worth $244,000.

iShares MSCI Global Gold Miners ETF Price Performance

RING stock traded down $4.00 during midday trading on Friday, reaching $66.85. 539,719 shares of the stock were exchanged, compared to its average volume of 587,157. iShares MSCI Global Gold Miners ETF has a 52 week low of $58.23 and a 52 week high of $100.41. The company has a fifty day moving average price of $80.28 and a 200 day moving average price of $78.59. The stock has a market capitalization of $2.04 billion, a PE ratio of 19.24 and a beta of 0.65.

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.