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

iShares MSCI Global Gold Miners ETF (NASDAQ:RING) was the target of a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 98,847 shares, a decline of 92.1% from the July 15th total of 1,249,845 shares. Based on an average trading volume of 1,091,505 shares, the short-interest ratio is currently 0.1 days. Currently, 0.3% of the company’s stock are sold short.

iShares MSCI Global Gold Miners ETF Stock Down 3.1%

Shares of RING traded down $2.45 during mid-day trading on Thursday, hitting $76.64. 2,537,424 shares of the company traded hands, compared to its average volume of 589,288. iShares MSCI Global Gold Miners ETF has a 1-year low of $48.14 and a 1-year high of $100.41. The company has a market capitalization of $2.52 billion, a PE ratio of 19.24 and a beta of 0.61. The business has a 50 day moving average of $67.57 and a 200 day moving average of $77.40.

iShares MSCI Global Gold Miners ETF Announces Dividend

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

Institutional Trading of iShares MSCI Global Gold Miners ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RING. NewEdge Advisors LLC increased its holdings in iShares MSCI Global Gold Miners ETF by 736.3% in the 1st quarter. NewEdge Advisors LLC now owns 11,290 shares of the exchange traded fund’s stock worth $433,000 after buying an additional 9,940 shares during the period. EverSource Wealth Advisors LLC purchased a new stake in shares of iShares MSCI Global Gold Miners ETF in the 2nd quarter valued at $100,000. United Capital Financial Advisors LLC purchased a new stake in shares of iShares MSCI Global Gold Miners ETF in the 3rd quarter valued at $285,000. Prism Advisors Inc. acquired a new stake in shares of iShares MSCI Global Gold Miners ETF in the fourth quarter worth $205,000. Finally, Strategic Blueprint LLC increased its stake in shares of iShares MSCI Global Gold Miners ETF by 12.0% in the fourth quarter. Strategic Blueprint LLC now owns 6,543 shares of the exchange traded fund’s stock worth $482,000 after acquiring an additional 700 shares during the period.

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.