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 increase in short interest in February. As of February 15th, there was short interest totalling 470,900 shares, an increase of 27.5% from the January 31st total of 369,400 shares. Based on an average daily volume of 254,400 shares, the short-interest ratio is presently 1.9 days.

Institutional Investors Weigh In On iShares MSCI Global Gold Miners ETF

A number of institutional investors have recently made changes to their positions in RING. JPMorgan Chase & Co. purchased a new position in iShares MSCI Global Gold Miners ETF during the 4th quarter valued at about $6,052,000. Bearing Point Capital LLC acquired a new position in iShares MSCI Global Gold Miners ETF during the 4th quarter worth approximately $2,556,000. Climber Capital SA purchased a new position in iShares MSCI Global Gold Miners ETF in the fourth quarter valued at $1,821,000. Versant Capital Management Inc raised its stake in iShares MSCI Global Gold Miners ETF by 15.4% in the fourth quarter. Versant Capital Management Inc now owns 76,541 shares of the exchange traded fund’s stock valued at $2,152,000 after buying an additional 10,209 shares in the last quarter. Finally, Family Firm Inc. lifted its holdings in iShares MSCI Global Gold Miners ETF by 28.2% during the 4th quarter. Family Firm Inc. now owns 42,173 shares of the exchange traded fund’s stock worth $1,185,000 after buying an additional 9,276 shares during the last quarter.

iShares MSCI Global Gold Miners ETF Price Performance

Shares of NASDAQ RING remained flat at $34.56 during midday trading on Thursday. The stock had a trading volume of 22,744 shares, compared to its average volume of 201,500. The company’s 50-day simple moving average is $31.95 and its 200 day simple moving average is $32.00. iShares MSCI Global Gold Miners ETF has a 1-year low of $23.24 and a 1-year high of $36.50. The firm has a market capitalization of $1.06 billion, a P/E ratio of 21.70 and a beta of 0.75.

iShares MSCI Global Gold Miners ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 17th were given a $0.216 dividend. The ex-dividend date was Tuesday, December 17th.

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.