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

iShares MSCI Global Gold Miners ETF (NASDAQ:RING) was the target of a large decline in short interest during the month of December. As of December 31st, there was short interest totaling 310,528 shares, a decline of 25.1% from the December 15th total of 414,519 shares. Approximately 0.8% of the shares of the company are short sold. Based on an average trading volume of 558,655 shares, the days-to-cover ratio is presently 0.6 days. Based on an average trading volume of 558,655 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.8% of the shares of the company are short sold.

iShares MSCI Global Gold Miners ETF Price Performance

RING stock traded down $0.32 during midday trading on Monday, reaching $83.13. 343,333 shares of the company were exchanged, compared to its average volume of 462,448. The business has a 50-day moving average price of $72.53 and a two-hundred day moving average price of $61.30. iShares MSCI Global Gold Miners ETF has a one year low of $30.02 and a one year high of $84.59. The firm has a market capitalization of $3.31 billion, a price-to-earnings ratio of 19.24 and a beta of 0.50.

iShares MSCI Global Gold Miners ETF Announces Dividend

The business also recently announced a dividend, which was paid on Friday, December 19th. Investors of record on Tuesday, December 16th were issued a dividend of $0.3775 per share. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a dividend yield of 105.0%.

Institutional Investors Weigh In On iShares MSCI Global Gold Miners ETF

Several hedge funds have recently bought and sold shares of the stock. Keystone Global Partners LLC grew its position in shares of iShares MSCI Global Gold Miners ETF by 60.8% in the fourth quarter. Keystone Global Partners LLC now owns 73,867 shares of the exchange traded fund’s stock valued at $5,440,000 after purchasing an additional 27,942 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in iShares MSCI Global Gold Miners ETF by 55.0% during the 3rd quarter. Jones Financial Companies Lllp now owns 22,940 shares of the exchange traded fund’s stock worth $1,463,000 after purchasing an additional 8,141 shares during the last quarter. GPS Wealth Strategies Group LLC boosted its stake in iShares MSCI Global Gold Miners ETF by 20.9% in the 3rd quarter. GPS Wealth Strategies Group LLC now owns 20,452 shares of the exchange traded fund’s stock valued at $1,323,000 after purchasing an additional 3,533 shares during the period. NewEdge Advisors LLC boosted its stake in iShares MSCI Global Gold Miners ETF by 20.0% in the 3rd quarter. NewEdge Advisors LLC now owns 19,266 shares of the exchange traded fund’s stock valued at $1,247,000 after purchasing an additional 3,208 shares during the period. Finally, Strategic Blueprint LLC grew its holdings in iShares MSCI Global Gold Miners ETF by 6.9% in the 3rd quarter. Strategic Blueprint LLC now owns 5,843 shares of the exchange traded fund’s stock valued at $378,000 after buying an additional 376 shares in the last quarter.

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.