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

iShares MSCI Global Gold Miners ETF (NASDAQ:RING) was the recipient of a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 585,800 shares, an increase of 24.4% from the February 13th total of 470,900 shares. Currently, 1.8% of the company’s stock are short sold. Based on an average daily trading volume, of 267,000 shares, the short-interest ratio is currently 2.2 days.

iShares MSCI Global Gold Miners ETF Trading Up 1.8 %

RING traded up $0.64 during trading hours on Monday, hitting $36.83. 41,914 shares of the company’s stock were exchanged, compared to its average volume of 202,645. iShares MSCI Global Gold Miners ETF has a 12-month low of $23.24 and a 12-month high of $36.85. The firm has a 50 day moving average of $32.84 and a 200 day moving average of $32.10. The firm has a market cap of $1.13 billion, a P/E ratio of 16.74 and a beta of 0.75.

Institutional Investors Weigh In On iShares MSCI Global Gold Miners ETF

Several large investors have recently added to or reduced their stakes in RING. Fisher Asset Management LLC purchased a new stake in shares of iShares MSCI Global Gold Miners ETF in the 3rd quarter valued at approximately $245,000. Versant Capital Management Inc increased its position in shares of iShares MSCI Global Gold Miners ETF by 15.4% in the 4th quarter. Versant Capital Management Inc now owns 76,541 shares of the exchange traded fund’s stock valued at $2,152,000 after purchasing an additional 10,209 shares during the last quarter. Jones Financial Companies Lllp increased its position in shares of iShares MSCI Global Gold Miners ETF by 28.0% in the 4th quarter. Jones Financial Companies Lllp now owns 9,880 shares of the exchange traded fund’s stock valued at $278,000 after purchasing an additional 2,162 shares during the last quarter. Wintrust Investments LLC purchased a new stake in shares of iShares MSCI Global Gold Miners ETF in the 4th quarter valued at approximately $93,000. Finally, Family Firm Inc. increased its position in shares of iShares MSCI Global Gold Miners ETF by 28.2% in the 4th quarter. Family Firm Inc. now owns 42,173 shares of the exchange traded fund’s stock valued at $1,185,000 after purchasing an additional 9,276 shares during the last quarter.

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.