Short Interest in iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Declines By 72.8%

iShares MSCI Global Gold Miners ETF (NASDAQ:RING) saw a large drop in short interest in March. As of March 13th, there was short interest totaling 184,009 shares, a drop of 72.8% from the February 26th total of 676,514 shares. Based on an average daily volume of 484,256 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.5% of the shares of the company are sold short. Currently, 0.5% of the shares of the company are sold short. Based on an average daily volume of 484,256 shares, the days-to-cover ratio is presently 0.4 days.

iShares MSCI Global Gold Miners ETF Trading Up 0.1%

RING opened at $72.33 on Wednesday. The stock’s 50 day simple moving average is $86.71 and its 200-day simple moving average is $74.23. The stock has a market cap of $2.95 billion, a PE ratio of 19.24 and a beta of 0.50. iShares MSCI Global Gold Miners ETF has a 1 year low of $33.35 and a 1 year high of $100.41.

Institutional Investors Weigh In On iShares MSCI Global Gold Miners ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. NewEdge Advisors LLC raised its stake in shares of iShares MSCI Global Gold Miners ETF by 736.3% in the 1st quarter. NewEdge Advisors LLC now owns 11,290 shares of the exchange traded fund’s stock valued at $433,000 after buying an additional 9,940 shares in the last quarter. EverSource Wealth Advisors LLC acquired a new stake in shares of iShares MSCI Global Gold Miners ETF during the 2nd quarter valued at about $100,000. Strategic Blueprint LLC boosted its position in shares of iShares MSCI Global Gold Miners ETF by 6.9% during the 3rd quarter. Strategic Blueprint LLC now owns 5,843 shares of the exchange traded fund’s stock valued at $378,000 after acquiring an additional 376 shares in the last quarter. GPS Wealth Strategies Group LLC increased its stake in iShares MSCI Global Gold Miners ETF by 20.9% in the third quarter. GPS Wealth Strategies Group LLC now owns 20,452 shares of the exchange traded fund’s stock valued at $1,323,000 after acquiring an additional 3,533 shares during the period. Finally, Cloud Capital Management LLC bought a new stake in iShares MSCI Global Gold Miners ETF in the third quarter valued at about $85,000.

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.