iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Short Interest Update

iShares MSCI Global Gold Miners ETF (NASDAQ:RING) saw a significant decline in short interest in September. As of September 15th, there was short interest totaling 609,234 shares, a decline of 41.6% from the August 31st total of 1,043,832 shares. Based on an average daily trading volume, of 834,193 shares, the short-interest ratio is currently 0.7 days. Currently, 2.1% of the shares of the stock are short sold.

Institutional Trading of iShares MSCI Global Gold Miners ETF

Large investors have recently made changes to their positions in the company. Syon Capital LLC raised its holdings in shares of iShares MSCI Global Gold Miners ETF by 53.5% during the 2nd quarter. Syon Capital LLC now owns 187,958 shares of the exchange traded fund’s stock worth $12,142,000 after buying an additional 65,538 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in shares of iShares MSCI Global Gold Miners ETF in the first quarter worth about $1,290,000. Trust Co. of Vermont acquired a new stake in shares of iShares MSCI Global Gold Miners ETF in the 2nd quarter valued at approximately $42,000. Finally, Allied Private Wealth LLC bought a new stake in shares of iShares MSCI Global Gold Miners ETF during the 2nd quarter valued at approximately $355,000.

iShares MSCI Global Gold Miners ETF Stock Down 0.9%

Shares of NASDAQ:RING traded down $0.68 during trading on Thursday, reaching $75.93. 493,576 shares of the company traded hands, compared to its average volume of 610,865. The firm has a market capitalization of $2.30 billion, a PE ratio of 19.24 and a beta of 0.67. iShares MSCI Global Gold Miners ETF has a 52 week low of $58.21 and a 52 week high of $100.41. The company’s 50 day moving average is $79.87 and its two-hundred day moving average is $76.24.

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.