iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Sees Unusually-High Trading Volume – Here’s Why

iShares MSCI Global Gold Miners ETF (NASDAQ:RING) saw unusually-strong trading volume on Wednesday . Approximately 430,015 shares changed hands during trading, an increase of 110% from the previous session’s volume of 204,532 shares.The stock last traded at $29.36 and had previously closed at $29.58.

iShares MSCI Global Gold Miners ETF Trading Down 0.3 %

The company has a market capitalization of $615.83 million, a price-to-earnings ratio of 28.50 and a beta of 0.75. The stock’s fifty day simple moving average is $31.81 and its 200-day simple moving average is $31.00.

iShares MSCI Global Gold Miners ETF Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Friday, December 20th. Stockholders of record on Tuesday, December 17th will be given a dividend of $0.216 per share. The ex-dividend date is Tuesday, December 17th.

Institutional Investors Weigh In On iShares MSCI Global Gold Miners ETF

A number of hedge funds and other institutional investors have recently modified their holdings of RING. Strategic Investment Solutions Inc. IL purchased a new position in shares of iShares MSCI Global Gold Miners ETF in the 2nd quarter valued at about $43,000. Fisher Asset Management LLC acquired a new position in iShares MSCI Global Gold Miners ETF in the third quarter valued at approximately $245,000. Finally, E Fund Management Co. Ltd. increased its stake in iShares MSCI Global Gold Miners ETF by 6.4% in the second quarter. E Fund Management Co. Ltd. now owns 145,840 shares of the exchange traded fund’s stock valued at $4,027,000 after purchasing an additional 8,739 shares during the last quarter.

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.