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 increase in short interest in the month of February. As of February 15th, there was short interest totalling 470,900 shares, an increase of 27.5% from the January 31st total of 369,400 shares. Based on an average daily trading volume, of 254,400 shares, the short-interest ratio is presently 1.9 days.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Wintrust Investments LLC acquired a new stake in shares of iShares MSCI Global Gold Miners ETF in the 4th quarter valued at $93,000. Fisher Asset Management LLC bought a new stake in shares of iShares MSCI Global Gold Miners ETF during the 3rd quarter worth $245,000. Jones Financial Companies Lllp boosted its stake in iShares MSCI Global Gold Miners ETF by 28.0% in the fourth quarter. Jones Financial Companies Lllp now owns 9,880 shares of the exchange traded fund’s stock valued at $278,000 after buying an additional 2,162 shares in the last quarter. Family Firm Inc. grew its position 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 acquiring an additional 9,276 shares during the last quarter. Finally, Climber Capital SA acquired a new position in iShares MSCI Global Gold Miners ETF during the fourth quarter worth about $1,821,000.

iShares MSCI Global Gold Miners ETF Price Performance

NASDAQ:RING traded up $0.93 during trading hours on Wednesday, reaching $34.22. 511,820 shares of the company were exchanged, compared to its average volume of 202,817. The business has a 50 day moving average of $31.83 and a 200 day moving average of $31.98. The company has a market capitalization of $1.05 billion, a P/E ratio of 21.70 and a beta of 0.75. iShares MSCI Global Gold Miners ETF has a 1-year low of $23.15 and a 1-year high of $36.50.

iShares MSCI Global Gold Miners ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 17th were given a dividend of $0.216 per share. The ex-dividend date of this dividend was Tuesday, December 17th.

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.