iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Sees Unusually-High Trading Volume – Time to Buy?

iShares MSCI Global Gold Miners ETF (NASDAQ:RINGGet Free Report) saw unusually-strong trading volume on Tuesday . Approximately 404,455 shares traded hands during mid-day trading, an increase of 96% from the previous session’s volume of 206,317 shares.The stock last traded at $31.21 and had previously closed at $30.31.

iShares MSCI Global Gold Miners ETF Trading Up 2.8 %

The business has a 50 day moving average of $32.56 and a 200-day moving average of $30.87. The stock has a market cap of $682.19 million, a PE ratio of 28.50 and a beta of 0.75.

Hedge Funds Weigh In On iShares MSCI Global Gold Miners ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. E Fund Management Co. Ltd. raised its stake in shares of 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 purchasing an additional 8,739 shares during the last quarter. Fisher Asset Management LLC acquired a new position in shares of iShares MSCI Global Gold Miners ETF during the third quarter worth about $245,000. Finally, Strategic Investment Solutions Inc. IL purchased a new position in iShares MSCI Global Gold Miners ETF during the second quarter worth about $43,000.

iShares MSCI Global Gold Miners ETF Company Profile

(Get Free Report)

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.

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