iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Short Interest Down 40.2% in March

iShares MSCI Global Gold Miners ETF (NASDAQ:RING) was the recipient of a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 350,100 shares, a decline of 40.2% from the February 28th total of 585,800 shares. Currently, 1.1% of the company’s shares are sold short. Based on an average trading volume of 292,000 shares, the days-to-cover ratio is currently 1.2 days.

iShares MSCI Global Gold Miners ETF Stock Down 0.2 %

Shares of iShares MSCI Global Gold Miners ETF stock traded down $0.07 during trading on Friday, reaching $38.10. The company’s stock had a trading volume of 288,597 shares, compared to its average volume of 254,599. iShares MSCI Global Gold Miners ETF has a 52-week low of $25.41 and a 52-week high of $39.22. The firm’s 50-day moving average is $34.37 and its two-hundred day moving average is $32.51. The company has a market cap of $1.17 billion, a price-to-earnings ratio of 19.05 and a beta of 0.75.

Institutional Trading of iShares MSCI Global Gold Miners ETF

Several hedge funds have recently added to or reduced their stakes in RING. Wintrust Investments LLC purchased a new stake in shares of iShares MSCI Global Gold Miners ETF during the fourth quarter valued at approximately $93,000. Fisher Asset Management LLC purchased a new position in shares of iShares MSCI Global Gold Miners ETF during the third quarter valued at approximately $245,000. Jones Financial Companies Lllp raised its holdings in shares of iShares MSCI Global Gold Miners ETF by 28.0% during the fourth quarter. Jones Financial Companies Lllp now owns 9,880 shares of the exchange traded fund’s stock valued at $278,000 after acquiring an additional 2,162 shares in the last quarter. Family Firm Inc. raised its holdings in shares of iShares MSCI Global Gold Miners ETF by 28.2% during the fourth quarter. Family Firm Inc. now owns 42,173 shares of the exchange traded fund’s stock valued at $1,185,000 after acquiring an additional 9,276 shares in the last quarter. Finally, Climber Capital SA purchased a new stake in iShares MSCI Global Gold Miners ETF in the fourth quarter worth $1,821,000.

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.