Short Interest in iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Drops By 22.8%

iShares MSCI Global Gold Miners ETF (NASDAQ:RING) saw a large decline in short interest during the month of December. As of December 15th, there was short interest totalling 344,300 shares, a decline of 22.8% from the November 30th total of 445,700 shares. Based on an average daily volume of 479,200 shares, the short-interest ratio is presently 0.7 days.

iShares MSCI Global Gold Miners ETF Price Performance

RING stock opened at $28.43 on Friday. The company’s 50 day simple moving average is $31.13 and its 200-day simple moving average is $31.02. The firm has a market capitalization of $622.62 million, a P/E ratio of 28.50 and a beta of 0.75. iShares MSCI Global Gold Miners ETF has a 52-week low of $20.18 and a 52-week high of $36.50.

iShares MSCI Global Gold Miners ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 17th were paid a $0.216 dividend. The ex-dividend date of this dividend was Tuesday, December 17th.

Institutional Trading of iShares MSCI Global Gold Miners ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. E Fund Management Co. Ltd. raised its position 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 valued at $4,027,000 after buying 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 in the 3rd quarter worth approximately $245,000. Finally, Strategic Investment Solutions Inc. IL bought a new position in shares of iShares MSCI Global Gold Miners ETF during the 2nd quarter worth approximately $43,000.

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.