Short Interest in iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Grows By 24.4%

iShares MSCI Global Gold Miners ETF (NASDAQ:RING) saw a significant growth in short interest in February. As of February 28th, there was short interest totalling 585,800 shares, a growth of 24.4% from the February 13th total of 470,900 shares. Approximately 1.8% of the company’s shares are short sold. Based on an average trading volume of 267,000 shares, the days-to-cover ratio is presently 2.2 days.

iShares MSCI Global Gold Miners ETF Price Performance

Shares of iShares MSCI Global Gold Miners ETF stock traded up $0.23 during trading hours on Tuesday, hitting $37.35. The company’s stock had a trading volume of 222,585 shares, compared to its average volume of 245,887. iShares MSCI Global Gold Miners ETF has a 12 month low of $23.24 and a 12 month high of $37.96. The stock has a 50 day moving average of $33.01 and a 200 day moving average of $32.13. The company has a market capitalization of $1.15 billion, a PE ratio of 16.74 and a beta of 0.75.

Institutional Investors Weigh In On iShares MSCI Global Gold Miners ETF

Several large investors have recently modified their holdings of the business. JPMorgan Chase & Co. bought a new stake in shares of iShares MSCI Global Gold Miners ETF in the fourth quarter worth about $6,052,000. Bearing Point Capital LLC acquired a new position in iShares MSCI Global Gold Miners ETF during the fourth quarter valued at approximately $2,556,000. Versant Capital Management Inc boosted its position in iShares MSCI Global Gold Miners ETF by 15.4% during 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 purchasing an additional 10,209 shares during the last quarter. Climber Capital SA acquired a new position in iShares MSCI Global Gold Miners ETF during the fourth quarter valued at approximately $1,821,000. Finally, Family Firm Inc. boosted its position in 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 purchasing an additional 9,276 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.