iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Sees Unusually-High Trading Volume – Time to Buy?

iShares MSCI Global Gold Miners ETF (NASDAQ:RING) shares saw unusually-strong trading volume on Thursday . Approximately 445,975 shares changed hands during trading, an increase of 72% from the previous session’s volume of 259,136 shares.The stock last traded at $38.57 and had previously closed at $38.28.

iShares MSCI Global Gold Miners ETF Stock Down 9.0 %

The business has a fifty day moving average of $35.01 and a 200 day moving average of $32.69. The firm has a market cap of $1.17 billion, a P/E ratio of 19.05 and a beta of 0.75.

Hedge Funds Weigh In On iShares MSCI Global Gold Miners ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Wintrust Investments LLC bought a new stake in shares of iShares MSCI Global Gold Miners ETF in the fourth quarter worth about $93,000. Jones Financial Companies Lllp increased its position 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 worth $278,000 after acquiring an additional 2,162 shares in the last quarter. Family Firm Inc. grew its stake in iShares MSCI Global Gold Miners ETF by 28.2% in 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 in the last quarter. Climber Capital SA acquired a new position in shares of iShares MSCI Global Gold Miners ETF during the 4th quarter worth approximately $1,821,000. Finally, Versant Capital Management Inc boosted its holdings in shares of 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 valued at $2,152,000 after buying an additional 10,209 shares during the last quarter.

About iShares MSCI Global Gold Miners ETF

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.