iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Sees Significant Increase in Short Interest

iShares MSCI Global Gold Miners ETF (NASDAQ:RING) was the target of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 520,524 shares, a growth of 426.6% from the July 30th total of 98,847 shares. Currently, 1.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 700,582 shares, the short-interest ratio is presently 0.7 days.

Institutional Investors Weigh In On iShares MSCI Global Gold Miners ETF

Institutional investors have recently made changes to their positions in the stock. Syon Capital LLC lifted its holdings in shares of iShares MSCI Global Gold Miners ETF by 53.5% in the 2nd quarter. Syon Capital LLC now owns 187,958 shares of the exchange traded fund’s stock worth $12,142,000 after acquiring an additional 65,538 shares during the last quarter. Trust Co. of Vermont purchased a new stake in iShares MSCI Global Gold Miners ETF in the second quarter valued at approximately $42,000. Allied Private Wealth LLC acquired a new position in iShares MSCI Global Gold Miners ETF during the second quarter worth $355,000. Janney Montgomery Scott LLC acquired a new position in iShares MSCI Global Gold Miners ETF during the first quarter worth $1,290,000. Finally, Advisory Services Network LLC boosted its position in shares of iShares MSCI Global Gold Miners ETF by 68.3% during the fourth quarter. Advisory Services Network LLC now owns 41,502 shares of the exchange traded fund’s stock worth $3,056,000 after buying an additional 16,837 shares during the period.

iShares MSCI Global Gold Miners ETF Price Performance

Shares of NASDAQ:RING traded down $2.39 during midday trading on Wednesday, hitting $90.78. The company had a trading volume of 183,119 shares, compared to its average volume of 600,221. iShares MSCI Global Gold Miners ETF has a twelve month low of $51.72 and a twelve month high of $100.41. The stock has a market cap of $2.98 billion, a price-to-earnings ratio of 19.24 and a beta of 0.61. The business’s 50-day simple moving average is $70.18 and its 200-day simple moving average is $77.25.

iShares MSCI Global Gold Miners ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were issued 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.