iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Short Interest Down 16.8% in January

iShares MSCI Global Gold Miners ETF (NASDAQ:RING) saw a large drop in short interest in January. As of January 31st, there was short interest totalling 369,400 shares, a drop of 16.8% from the January 15th total of 444,000 shares. Based on an average daily trading volume, of 276,600 shares, the short-interest ratio is presently 1.3 days.

Hedge Funds Weigh In On iShares MSCI Global Gold Miners ETF

A number of large investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. purchased a new position in iShares MSCI Global Gold Miners ETF in the 4th quarter worth approximately $6,052,000. Versant Capital Management Inc increased its stake in iShares MSCI Global Gold Miners ETF by 15.4% in the 4th quarter. Versant Capital Management Inc now owns 76,541 shares of the exchange traded fund’s stock worth $2,152,000 after purchasing an additional 10,209 shares during the period. Climber Capital SA purchased a new position in iShares MSCI Global Gold Miners ETF in the 4th quarter worth approximately $1,821,000. Family Firm Inc. grew its position in shares of iShares MSCI Global Gold Miners ETF by 28.2% in 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. Finally, Jones Financial Companies Lllp grew its position in shares of iShares MSCI Global Gold Miners ETF by 28.0% in the 4th quarter. Jones Financial Companies Lllp now owns 9,880 shares of the exchange traded fund’s stock worth $278,000 after buying an additional 2,162 shares during the last quarter.

iShares MSCI Global Gold Miners ETF Trading Down 3.1 %

Shares of NASDAQ RING opened at $34.34 on Friday. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of 28.50 and a beta of 0.75. iShares MSCI Global Gold Miners ETF has a 1-year low of $20.32 and a 1-year high of $36.50. The stock’s 50-day moving average is $30.77 and its 200 day moving average is $31.63.

iShares MSCI Global Gold Miners ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 17th were paid 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.