iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Short Interest Up 100.5% in August

iShares MSCI Global Gold Miners ETF (NASDAQ:RING) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 1,043,832 shares, an increase of 100.5% from the August 15th total of 520,524 shares. Based on an average daily volume of 810,315 shares, the short-interest ratio is presently 1.3 days. Approximately 3.2% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of RING. Trust Co. of Vermont bought a new position in shares of iShares MSCI Global Gold Miners ETF during the 2nd quarter valued at $42,000. Creative Financial Designs Inc. ADV boosted its position in iShares MSCI Global Gold Miners ETF by 7.7% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 2,500 shares of the exchange traded fund’s stock valued at $184,000 after buying an additional 178 shares during the period. Allied Private Wealth LLC bought a new position in shares of iShares MSCI Global Gold Miners ETF during the second quarter valued at about $355,000. Janney Montgomery Scott LLC purchased a new position in shares of iShares MSCI Global Gold Miners ETF in the first quarter worth about $1,290,000. Finally, Syon Capital LLC lifted its stake in shares of iShares MSCI Global Gold Miners ETF by 53.5% in the 2nd quarter. Syon Capital LLC now owns 187,958 shares of the exchange traded fund’s stock valued at $12,142,000 after acquiring an additional 65,538 shares during the last quarter.

iShares MSCI Global Gold Miners ETF Stock Up 0.6%

Shares of iShares MSCI Global Gold Miners ETF stock traded up $0.47 during trading on Wednesday, hitting $83.09. 669,369 shares of the stock traded hands, compared to its average volume of 617,268. The stock has a market cap of $2.43 billion, a price-to-earnings ratio of 19.24 and a beta of 0.67. The firm’s fifty day moving average is $75.94 and its 200-day moving average is $76.99. iShares MSCI Global Gold Miners ETF has a 52 week low of $57.45 and a 52 week high of $100.41.

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.