iShares MSCI Global Gold Miners ETF (NASDAQ:RING – Get Free Report) was the recipient of a large decrease in short interest in March. As of March 13th, there was short interest totaling 184,009 shares, a decrease of 72.8% from the February 26th total of 676,514 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 484,256 shares, the days-to-cover ratio is presently 0.4 days.
iShares MSCI Global Gold Miners ETF Stock Down 1.0%
RING traded down $0.75 on Thursday, hitting $74.02. The company had a trading volume of 110,079 shares, compared to its average volume of 537,960. The company has a market cap of $3.02 billion, a PE ratio of 19.24 and a beta of 0.50. iShares MSCI Global Gold Miners ETF has a 12-month low of $33.35 and a 12-month high of $100.41. The business’s fifty day simple moving average is $86.54 and its 200 day simple moving average is $74.23.
Institutional Investors Weigh In On iShares MSCI Global Gold Miners ETF
Institutional investors have recently modified their holdings of the stock. CoreCap Advisors LLC lifted its stake in shares of iShares MSCI Global Gold Miners ETF by 52.3% during the 4th quarter. CoreCap Advisors LLC now owns 492 shares of the exchange traded fund’s stock worth $36,000 after acquiring an additional 169 shares during the last quarter. Cloud Capital Management LLC purchased a new stake in iShares MSCI Global Gold Miners ETF in the third quarter worth $85,000. EverSource Wealth Advisors LLC purchased a new stake in iShares MSCI Global Gold Miners ETF in the second quarter worth $100,000. Creative Financial Designs Inc. ADV lifted its position in shares of 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 during the last quarter. Finally, Prism Advisors Inc. purchased a new stake in shares of iShares MSCI Global Gold Miners ETF during the fourth quarter valued at $205,000.
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.
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