Short Interest in iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Increases By 1,233.5%

iShares MSCI Global Gold Miners ETF (NASDAQ:RING) was the recipient of a significant growth in short interest in the month of October. As of October 15th, there was short interest totalling 976,100 shares, a growth of 1,233.5% from the September 30th total of 73,200 shares. Based on an average trading volume of 335,200 shares, the short-interest ratio is currently 2.9 days.

Hedge Funds Weigh In On iShares MSCI Global Gold Miners ETF

A number of large investors have recently made changes to their positions in RING. Strategic Investment Solutions Inc. IL bought a new position in shares of iShares MSCI Global Gold Miners ETF in the second quarter worth $43,000. Deane Retirement Strategies Inc. bought a new stake in iShares MSCI Global Gold Miners ETF during the second quarter valued at $53,000. Family Firm Inc. boosted its stake in 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 valued at $864,000 after buying an additional 527 shares during the period. 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 valued at $4,027,000 after buying an additional 8,739 shares during the period. Finally, OLD Mission Capital LLC boosted its stake in iShares MSCI Global Gold Miners ETF by 88.9% during 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 buying an additional 285,006 shares during the period.

iShares MSCI Global Gold Miners ETF Price Performance

Shares of iShares MSCI Global Gold Miners ETF stock traded down $0.63 during trading hours on Friday, reaching $33.95. The company had a trading volume of 338,673 shares, compared to its average volume of 185,832. iShares MSCI Global Gold Miners ETF has a one year low of $20.18 and a one year high of $36.50. The business has a fifty day simple moving average of $33.07 and a 200 day simple moving average of $30.05. The firm has a market cap of $653.54 million, a PE ratio of 28.50 and a beta of 0.75.

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.