iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Short Interest Update

iShares MSCI Global Gold Miners ETF (NASDAQ:RING) was the target of a significant growth in short interest in January. As of January 30th, there was short interest totaling 676,878 shares, a growth of 127.8% from the January 15th total of 297,127 shares. Approximately 1.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 817,410 shares, the days-to-cover ratio is presently 0.8 days. Based on an average daily trading volume, of 817,410 shares, the days-to-cover ratio is presently 0.8 days. Approximately 1.7% of the shares of the stock are sold short.

Institutional Trading of iShares MSCI Global Gold Miners ETF

A number of hedge funds have recently added to or reduced their stakes in RING. CoreCap Advisors LLC lifted its stake in shares of iShares MSCI Global Gold Miners ETF by 52.3% in the fourth quarter. CoreCap Advisors LLC now owns 492 shares of the exchange traded fund’s stock worth $36,000 after acquiring an additional 169 shares during the period. Creative Financial Designs Inc. ADV lifted its position in shares of iShares MSCI Global Gold Miners ETF by 7.7% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 2,500 shares of the exchange traded fund’s stock worth $184,000 after purchasing an additional 178 shares during the period. Strategic Blueprint LLC boosted its stake in shares of iShares MSCI Global Gold Miners ETF by 6.9% in the 3rd quarter. Strategic Blueprint LLC now owns 5,843 shares of the exchange traded fund’s stock valued at $378,000 after purchasing an additional 376 shares during the last quarter. Cloud Capital Management LLC bought a new stake in shares of iShares MSCI Global Gold Miners ETF in the 3rd quarter valued at $85,000. Finally, EverSource Wealth Advisors LLC acquired a new stake in shares of iShares MSCI Global Gold Miners ETF during the second quarter worth $100,000.

iShares MSCI Global Gold Miners ETF Trading Down 6.6%

NASDAQ RING traded down $5.97 during trading on Thursday, hitting $84.59. 360,221 shares of the company’s stock were exchanged, compared to its average volume of 625,458. The company has a market cap of $3.45 billion, a PE ratio of 19.24 and a beta of 0.50. iShares MSCI Global Gold Miners ETF has a fifty-two week low of $31.95 and a fifty-two week high of $98.00. The stock’s 50 day moving average price is $79.90 and its two-hundred day moving average price is $66.62.

iShares MSCI Global Gold Miners ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Friday, December 19th. Investors of record on Tuesday, December 16th were given a dividend of $0.3775 per share. This represents a yield of 105.0%. The ex-dividend date was Tuesday, December 16th.

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.