iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Sees Large Growth in Short Interest

iShares MSCI Global Gold Miners ETF (NASDAQ:RING) was the recipient of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 1,249,845 shares, a growth of 245.7% from the June 30th total of 361,591 shares. Approximately 3.5% of the company’s stock are short sold. Based on an average daily volume of 553,650 shares, the short-interest ratio is currently 2.3 days.

Institutional Trading of iShares MSCI Global Gold Miners ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in RING. CoreCap Advisors LLC raised its holdings in iShares MSCI Global Gold Miners ETF by 52.3% in the fourth quarter. CoreCap Advisors LLC now owns 492 shares of the exchange traded fund’s stock valued at $36,000 after acquiring an additional 169 shares in the last quarter. EverSource Wealth Advisors LLC acquired a new position in iShares MSCI Global Gold Miners ETF during the 2nd quarter worth $100,000. Creative Financial Designs Inc. ADV grew its holdings in iShares MSCI Global Gold Miners ETF by 7.7% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 2,500 shares of the exchange traded fund’s stock worth $184,000 after acquiring an additional 178 shares in the last quarter. Prism Advisors Inc. bought a new stake in shares of iShares MSCI Global Gold Miners ETF in the 4th quarter worth about $205,000. Finally, Arkadios Wealth Advisors bought a new stake in shares of iShares MSCI Global Gold Miners ETF in the 4th quarter worth about $218,000.

iShares MSCI Global Gold Miners ETF Price Performance

RING stock remained flat at $64.49 during midday trading on Friday. The company’s stock had a trading volume of 169,366 shares, compared to its average volume of 559,053. iShares MSCI Global Gold Miners ETF has a 52 week low of $43.50 and a 52 week high of $100.41. The business has a 50-day moving average of $68.84 and a 200 day moving average of $78.64. The firm has a market capitalization of $2.30 billion, a PE ratio of 19.24 and a beta of 0.61.

iShares MSCI Global Gold Miners ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were paid a dividend of $0.5264 per share. The ex-dividend date was Monday, June 15th.

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.