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

iShares MSCI Global Gold Miners ETF (NASDAQ:RING) saw a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 2,320,000 shares, a growth of 137.7% from the October 15th total of 976,100 shares. Based on an average daily volume of 386,200 shares, the short-interest ratio is presently 6.0 days.

iShares MSCI Global Gold Miners ETF Stock Down 1.3 %

Shares of iShares MSCI Global Gold Miners ETF stock traded down $0.39 during mid-day trading on Wednesday, hitting $29.14. The stock had a trading volume of 308,278 shares, compared to its average volume of 196,032. The firm has a 50-day moving average of $33.10 and a two-hundred day moving average of $30.59. The firm has a market cap of $638.17 million, a P/E ratio of 28.50 and a beta of 0.75. iShares MSCI Global Gold Miners ETF has a 12-month low of $20.18 and a 12-month high of $36.50.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Strategic Investment Solutions Inc. IL purchased a new stake in iShares MSCI Global Gold Miners ETF in the second quarter valued at $43,000. Deane Retirement Strategies Inc. purchased a new stake in iShares MSCI Global Gold Miners ETF in the 2nd quarter valued at about $53,000. Fisher Asset Management LLC acquired a new position in iShares MSCI Global Gold Miners ETF in the third quarter valued at about $245,000. E Fund Management Co. Ltd. boosted its stake in iShares MSCI Global Gold Miners ETF by 6.4% during the second quarter. E Fund Management Co. Ltd. now owns 145,840 shares of the exchange traded fund’s stock worth $4,027,000 after buying an additional 8,739 shares during the period. Finally, OLD Mission Capital LLC raised its stake in shares of iShares MSCI Global Gold Miners ETF by 88.9% in the 1st quarter. OLD Mission Capital LLC now owns 605,567 shares of the exchange traded fund’s stock valued at $15,315,000 after acquiring an additional 285,006 shares during the period.

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.