Short Interest in iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Decreases By 88.0%

iShares MSCI Global Gold Miners ETF (NASDAQ:RING) saw a significant drop in short interest in the month of November. As of November 15th, there was short interest totalling 278,700 shares, a drop of 88.0% from the October 31st total of 2,320,000 shares. Based on an average trading volume of 418,400 shares, the days-to-cover ratio is presently 0.7 days.

iShares MSCI Global Gold Miners ETF Stock Performance

iShares MSCI Global Gold Miners ETF stock traded down $0.04 during midday trading on Thursday, reaching $30.58. 36,019 shares of the stock were exchanged, compared to its average volume of 207,061. The company’s fifty day moving average is $32.74 and its 200-day moving average is $30.81. iShares MSCI Global Gold Miners ETF has a 52 week low of $20.18 and a 52 week high of $36.50. The firm has a market cap of $669.70 million, a PE ratio of 28.50 and a beta of 0.75.

Institutional Investors Weigh In On iShares MSCI Global Gold Miners ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Strategic Investment Solutions Inc. IL bought a new position in iShares MSCI Global Gold Miners ETF in the 2nd quarter worth about $43,000. Deane Retirement Strategies Inc. bought a new position in shares of iShares MSCI Global Gold Miners ETF in the second quarter worth approximately $53,000. Fisher Asset Management LLC bought a new stake in iShares MSCI Global Gold Miners ETF during the third quarter valued at approximately $245,000. Finally, E Fund Management Co. Ltd. grew its stake in iShares MSCI Global Gold Miners ETF by 6.4% in 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.

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.