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

iShares MSCI Global Gold Miners ETF (NASDAQ:RING) was the recipient of a large 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. Based on an average trading volume of 700,582 shares, the days-to-cover ratio is presently 0.7 days. Currently, 1.6% of the company’s stock are sold short.

Institutional Trading of iShares MSCI Global Gold Miners ETF

A number of institutional investors have recently made changes to their positions in RING. Trust Co. of Vermont bought a new stake in iShares MSCI Global Gold Miners ETF during the second quarter worth approximately $42,000. EverSource Wealth Advisors LLC acquired a new position in iShares MSCI Global Gold Miners ETF in the 2nd quarter worth about $100,000. Creative Financial Designs Inc. ADV grew its position in iShares MSCI Global Gold Miners ETF by 7.7% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 2,500 shares of the exchange traded fund’s stock worth $184,000 after acquiring an additional 178 shares in the last quarter. Arkadios Wealth Advisors bought a new position in iShares MSCI Global Gold Miners ETF during the fourth quarter valued at about $218,000. Finally, United Capital Financial Advisors LLC acquired a new position in iShares MSCI Global Gold Miners ETF during the third quarter valued at approximately $285,000.

iShares MSCI Global Gold Miners ETF Stock Up 0.7%

NASDAQ:RING traded up $0.65 during trading hours on Thursday, reaching $91.00. 768,299 shares of the stock were exchanged, compared to its average volume of 603,052. The stock has a market capitalization of $2.99 billion, a P/E ratio of 19.24 and a beta of 0.61. The firm has a 50 day simple moving average of $70.92 and a 200-day simple moving average of $77.39. iShares MSCI Global Gold Miners ETF has a 52 week low of $51.81 and a 52 week high of $100.41.

iShares MSCI Global Gold Miners ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were given a $0.5264 dividend. The ex-dividend date was Monday, June 15th.

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.