iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Sees Unusually-High Trading Volume – Here’s Why

iShares MSCI Global Gold Miners ETF (NASDAQ:RING) shares saw unusually-high trading volume on Thursday . Approximately 561,618 shares traded hands during mid-day trading, an increase of 294% from the previous session’s volume of 142,502 shares.The stock last traded at $32.90 and had previously closed at $32.13.

iShares MSCI Global Gold Miners ETF Trading Up 0.8 %

The company has a fifty day moving average of $32.11 and a 200-day moving average of $29.41. The stock has a market cap of $563.28 million, a PE ratio of 28.50 and a beta of 0.75.

Institutional Trading of iShares MSCI Global Gold Miners ETF

A number of institutional investors and hedge funds have recently bought and sold shares of RING. OLD Mission Capital LLC boosted its stake in shares of iShares MSCI Global Gold Miners ETF by 88.9% in the first quarter. OLD Mission Capital LLC now owns 605,567 shares of the exchange traded fund’s stock valued at $15,315,000 after purchasing an additional 285,006 shares during the period. E Fund Management Co. Ltd. lifted its holdings in iShares MSCI Global Gold Miners ETF by 6.4% during the 2nd 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 in the last quarter. Versant Capital Management Inc boosted its position in iShares MSCI Global Gold Miners ETF by 12.0% in the 1st quarter. Versant Capital Management Inc now owns 67,008 shares of the exchange traded fund’s stock valued at $1,695,000 after buying an additional 7,171 shares during the period. Aspect Partners LLC acquired a new position in shares of iShares MSCI Global Gold Miners ETF in the fourth quarter worth $1,114,000. Finally, Family Firm Inc. increased its position in shares of iShares MSCI Global Gold Miners ETF by 1.6% during the first quarter. Family Firm Inc. now owns 34,170 shares of the exchange traded fund’s stock worth $864,000 after acquiring an additional 527 shares during the period.

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.