Short Interest in iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Rises By 58.8%

iShares MSCI Global Gold Miners ETF (NASDAQ:RING) saw a significant growth in short interest in March. As of March 31st, there was short interest totalling 555,900 shares, a growth of 58.8% from the March 15th total of 350,100 shares. Based on an average daily trading volume, of 310,100 shares, the short-interest ratio is presently 1.8 days. Approximately 1.6% of the shares of the stock are sold short.

iShares MSCI Global Gold Miners ETF Stock Up 2.6 %

NASDAQ RING opened at $43.41 on Thursday. iShares MSCI Global Gold Miners ETF has a twelve month low of $25.70 and a twelve month high of $44.32. The business’s fifty day moving average is $36.21 and its 200 day moving average is $33.06. The company has a market cap of $1.51 billion, a price-to-earnings ratio of 20.04 and a beta of 0.80.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in RING. Jones Financial Companies Lllp boosted its position in iShares MSCI Global Gold Miners ETF by 28.0% during the 4th quarter. Jones Financial Companies Lllp now owns 9,880 shares of the exchange traded fund’s stock worth $278,000 after buying an additional 2,162 shares during the period. Climber Capital SA bought a new stake in shares of iShares MSCI Global Gold Miners ETF in the fourth quarter worth $1,821,000. Versant Capital Management Inc boosted its stake 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. Wintrust Investments LLC acquired a new position in iShares MSCI Global Gold Miners ETF in the fourth quarter valued at approximately $93,000. Finally, Family Firm Inc. increased its stake 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 acquiring an additional 9,276 shares in the last quarter.

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.