Short Interest in iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Drops By 72.5%

iShares MSCI Global Gold Miners ETF (NASDAQ:RING) was the recipient of a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 152,493 shares, a drop of 72.5% from the April 15th total of 553,606 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average trading volume of 349,916 shares, the short-interest ratio is presently 0.4 days.

Institutional Trading of iShares MSCI Global Gold Miners ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. CoreCap Advisors LLC boosted its position in iShares MSCI Global Gold Miners ETF by 52.3% during the fourth quarter. CoreCap Advisors LLC now owns 492 shares of the exchange traded fund’s stock worth $36,000 after purchasing an additional 169 shares in the last quarter. Cloud Capital Management LLC purchased a new position in iShares MSCI Global Gold Miners ETF during the third quarter worth approximately $85,000. EverSource Wealth Advisors LLC purchased a new position in iShares MSCI Global Gold Miners ETF during the second quarter worth approximately $100,000. Creative Financial Designs Inc. ADV boosted its position in iShares MSCI Global Gold Miners ETF by 7.7% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 2,500 shares of the exchange traded fund’s stock worth $184,000 after purchasing an additional 178 shares in the last quarter. Finally, Prism Advisors Inc. purchased a new position in iShares MSCI Global Gold Miners ETF during the fourth quarter worth approximately $205,000.

iShares MSCI Global Gold Miners ETF Stock Performance

iShares MSCI Global Gold Miners ETF stock traded down $1.95 during midday trading on Thursday, hitting $81.65. 330,450 shares of the company were exchanged, compared to its average volume of 515,964. The firm has a market capitalization of $3.08 billion, a PE ratio of 19.24 and a beta of 0.57. iShares MSCI Global Gold Miners ETF has a fifty-two week low of $37.88 and a fifty-two week high of $100.41. The business has a fifty day simple moving average of $81.15 and a two-hundred day simple moving average of $78.55.

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.