Short Interest in iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Increases By 131.9%

iShares MSCI Global Gold Miners ETF (NASDAQ:RING) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totaling 239,002 shares, a growth of 131.9% from the May 31st total of 103,080 shares. Currently, 0.6% of the company’s stock are sold short. Based on an average daily volume of 561,154 shares, the days-to-cover ratio is presently 0.4 days.

iShares MSCI Global Gold Miners ETF Trading Down 0.3%

NASDAQ RING traded down $0.21 on Tuesday, reaching $64.60. The stock had a trading volume of 265,571 shares, compared to its average volume of 537,266. The company has a market capitalization of $2.44 billion, a price-to-earnings ratio of 19.24 and a beta of 0.57. The business has a 50 day moving average price of $74.61 and a 200 day moving average price of $79.97. iShares MSCI Global Gold Miners ETF has a 1 year low of $42.51 and a 1 year high of $100.41.

iShares MSCI Global Gold Miners ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were given a dividend of $0.5264 per share. The ex-dividend date of this dividend was Monday, June 15th.

Institutional Investors Weigh In On iShares MSCI Global Gold Miners ETF

Hedge funds have recently bought and sold shares of the company. Climber Capital SA bought a new stake in shares of iShares MSCI Global Gold Miners ETF in the fourth quarter valued at approximately $4,383,000. Marshall Wace LLP bought a new stake in iShares MSCI Global Gold Miners ETF during the fourth quarter worth about $3,336,000. Keystone Global Partners LLC increased its holdings in iShares MSCI Global Gold Miners ETF by 60.8% during the 4th quarter. Keystone Global Partners LLC now owns 73,867 shares of the exchange traded fund’s stock valued at $5,440,000 after purchasing an additional 27,942 shares in the last quarter. JPMorgan Chase & Co. lifted its position in iShares MSCI Global Gold Miners ETF by 9.7% during the 4th quarter. JPMorgan Chase & Co. now owns 265,137 shares of the exchange traded fund’s stock worth $19,525,000 after buying an additional 23,361 shares in the last quarter. Finally, Advisory Services Network LLC grew its stake in shares of iShares MSCI Global Gold Miners ETF by 68.3% during the fourth quarter. Advisory Services Network LLC now owns 41,502 shares of the exchange traded fund’s stock valued at $3,056,000 after purchasing an additional 16,837 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.