iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Sees Significant Decrease in Short Interest

iShares MSCI Global Gold Miners ETF (NASDAQ:RING) was the recipient of a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 98,847 shares, a decrease of 92.1% from the July 15th total of 1,249,845 shares. Based on an average daily volume of 1,091,505 shares, the short-interest ratio is currently 0.1 days. Approximately 0.3% of the shares of the company are short sold.

Hedge Funds Weigh In On iShares MSCI Global Gold Miners ETF

Large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its holdings in shares of 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 purchasing an additional 23,361 shares in the last quarter. Climber Capital SA acquired a new position in shares of iShares MSCI Global Gold Miners ETF in the fourth quarter valued at $4,383,000. Marshall Wace LLP bought a new position in iShares MSCI Global Gold Miners ETF in the fourth quarter worth $3,336,000. Advisory Services Network LLC lifted its position in iShares MSCI Global Gold Miners ETF by 68.3% in the fourth quarter. Advisory Services Network LLC now owns 41,502 shares of the exchange traded fund’s stock worth $3,056,000 after purchasing an additional 16,837 shares during the period. Finally, NewEdge Advisors LLC boosted its stake in iShares MSCI Global Gold Miners ETF by 20.0% during the third quarter. NewEdge Advisors LLC now owns 19,266 shares of the exchange traded fund’s stock worth $1,247,000 after buying an additional 3,208 shares in the last quarter.

iShares MSCI Global Gold Miners ETF Stock Performance

Shares of NASDAQ:RING traded up $0.98 on Wednesday, hitting $79.11. 545,109 shares of the company were exchanged, compared to its average volume of 574,425. The company’s 50 day moving average price is $67.43 and its two-hundred day moving average price is $77.57. iShares MSCI Global Gold Miners ETF has a one year low of $48.14 and a one year high of $100.41. The firm has a market capitalization of $2.60 billion, a price-to-earnings ratio of 19.24 and a beta of 0.61.

iShares MSCI Global Gold Miners ETF Announces Dividend

The company also recently announced a dividend, which was paid on Thursday, June 18th. Investors 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.

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.