iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Short Interest Down 40.2% in March

iShares MSCI Global Gold Miners ETF (NASDAQ:RING) was the recipient of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 350,100 shares, a decrease of 40.2% from the February 28th total of 585,800 shares. Approximately 1.1% of the company’s stock are short sold. Based on an average daily trading volume, of 292,000 shares, the short-interest ratio is currently 1.2 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of RING. Wintrust Investments LLC acquired a new position in iShares MSCI Global Gold Miners ETF during the fourth quarter worth $93,000. Fisher Asset Management LLC acquired a new position in shares of iShares MSCI Global Gold Miners ETF during the 3rd quarter valued at about $245,000. Jones Financial Companies Lllp increased its holdings in shares of 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 valued at $278,000 after acquiring an additional 2,162 shares during the last quarter. Family Firm Inc. lifted its holdings in 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 worth $1,185,000 after purchasing an additional 9,276 shares during the last quarter. Finally, Climber Capital SA acquired a new stake in iShares MSCI Global Gold Miners ETF in the 4th quarter worth approximately $1,821,000.

iShares MSCI Global Gold Miners ETF Price Performance

RING traded down $0.07 during midday trading on Friday, hitting $38.10. 288,597 shares of the company’s stock traded hands, compared to its average volume of 254,599. The company has a market cap of $1.17 billion, a PE ratio of 19.05 and a beta of 0.75. The stock’s fifty day simple moving average is $34.37 and its 200-day simple moving average is $32.52. iShares MSCI Global Gold Miners ETF has a one year low of $25.41 and a one year high of $39.22.

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.