Short Interest in iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Grows By 24.4%

iShares MSCI Global Gold Miners ETF (NASDAQ:RING) was the target of a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 585,800 shares, a growth of 24.4% from the February 13th total of 470,900 shares. Based on an average trading volume of 267,000 shares, the days-to-cover ratio is presently 2.2 days. Currently, 1.8% of the company’s shares are sold short.

Institutional Investors Weigh In On iShares MSCI Global Gold Miners ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wintrust Investments LLC bought a new stake in iShares MSCI Global Gold Miners ETF in the fourth quarter valued at about $93,000. Fisher Asset Management LLC bought a new stake in iShares MSCI Global Gold Miners ETF in the third quarter valued at about $245,000. Jones Financial Companies Lllp increased its holdings 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 purchasing an additional 2,162 shares during the last quarter. Family Firm Inc. increased its holdings 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 during the last quarter. Finally, Climber Capital SA bought a new stake in iShares MSCI Global Gold Miners ETF in the fourth quarter valued at about $1,821,000.

iShares MSCI Global Gold Miners ETF Trading Up 0.6 %

Shares of RING traded up $0.23 during trading hours on Tuesday, hitting $37.35. 222,585 shares of the stock traded hands, compared to its average volume of 245,887. The business has a fifty day moving average of $33.01 and a 200-day moving average of $32.13. The firm has a market capitalization of $1.15 billion, a PE ratio of 16.74 and a beta of 0.75. iShares MSCI Global Gold Miners ETF has a 1-year low of $23.24 and a 1-year high of $37.96.

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.