iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Short Interest Update

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

iShares MSCI Global Gold Miners ETF Stock Performance

NASDAQ:RING traded down $0.32 during trading hours on Tuesday, reaching $82.60. The stock had a trading volume of 623,603 shares, compared to its average volume of 615,538. The stock has a market capitalization of $2.71 billion, a PE ratio of 19.24 and a beta of 0.67. iShares MSCI Global Gold Miners ETF has a 52 week low of $57.45 and a 52 week high of $100.41. The company has a 50 day moving average price of $75.59 and a two-hundred day moving average price of $77.08.

Institutional Investors Weigh In On iShares MSCI Global Gold Miners ETF

Several large investors have recently bought and sold shares of RING. Syon Capital LLC lifted its position in iShares MSCI Global Gold Miners ETF by 53.5% during the second quarter. Syon Capital LLC now owns 187,958 shares of the exchange traded fund’s stock valued at $12,142,000 after purchasing an additional 65,538 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of iShares MSCI Global Gold Miners ETF in the 1st quarter worth about $1,290,000. Allied Private Wealth LLC purchased a new stake in shares of iShares MSCI Global Gold Miners ETF during the 2nd quarter valued at about $355,000. Creative Financial Designs Inc. ADV raised its position in shares of iShares MSCI Global Gold Miners ETF by 7.7% during the 4th 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 in the last quarter. Finally, Trust Co. of Vermont purchased a new stake in shares of iShares MSCI Global Gold Miners ETF during the 2nd quarter valued at about $42,000.

About iShares MSCI Global Gold Miners ETF

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.