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 growth in short interest during the month of June. As of June 15th, there was short interest totaling 239,002 shares, a growth of 131.9% from the May 31st total of 103,080 shares. Based on an average daily trading volume, of 561,154 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.6% of the shares of the stock are sold short.

Institutional Trading of iShares MSCI Global Gold Miners ETF

A number of hedge funds and other institutional investors have recently modified their holdings of RING. CoreCap Advisors LLC raised its position in iShares MSCI Global Gold Miners ETF by 52.3% in the 4th quarter. CoreCap Advisors LLC now owns 492 shares of the exchange traded fund’s stock worth $36,000 after purchasing an additional 169 shares during the last quarter. EverSource Wealth Advisors LLC bought a new position in iShares MSCI Global Gold Miners ETF in the 2nd quarter valued at $100,000. Creative Financial Designs Inc. ADV increased its stake in shares of iShares MSCI Global Gold Miners ETF by 7.7% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 2,500 shares of the exchange traded fund’s stock valued at $184,000 after buying an additional 178 shares during the period. Prism Advisors Inc. acquired a new stake in shares of iShares MSCI Global Gold Miners ETF in the 4th quarter valued at $205,000. Finally, Arkadios Wealth Advisors bought a new stake in shares of iShares MSCI Global Gold Miners ETF during the fourth quarter worth $218,000.

iShares MSCI Global Gold Miners ETF Stock Down 2.5%

NASDAQ:RING traded down $1.65 during mid-day trading on Monday, reaching $64.31. 84,684 shares of the company were exchanged, compared to its average volume of 538,391. The stock has a market cap of $2.42 billion, a PE ratio of 19.24 and a beta of 0.57. iShares MSCI Global Gold Miners ETF has a 12 month low of $42.51 and a 12 month high of $100.41. The company has a fifty day moving average of $75.44 and a 200 day moving average of $80.05.

iShares MSCI Global Gold Miners ETF Announces Dividend

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

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.