iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Short Interest Update

iShares MSCI Global Gold Miners ETF (NASDAQ:RING) was the target of a significant drop in short interest during the month of December. As of December 15th, there was short interest totaling 414,519 shares, a drop of 54.4% from the November 30th total of 909,432 shares. Based on an average trading volume of 382,729 shares, the short-interest ratio is currently 1.1 days. Approximately 1.1% of the company’s shares are sold short. Approximately 1.1% of the company’s shares are sold short. Based on an average trading volume of 382,729 shares, the short-interest ratio is currently 1.1 days.

iShares MSCI Global Gold Miners ETF Price Performance

Shares of NASDAQ:RING opened at $78.62 on Friday. The business has a 50-day moving average of $67.52 and a two-hundred day moving average of $57.49. The firm has a market capitalization of $3.10 billion, a PE ratio of 19.24 and a beta of 0.50. iShares MSCI Global Gold Miners ETF has a 12 month low of $27.69 and a 12 month high of $78.70.

iShares MSCI Global Gold Miners ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Friday, December 19th. Stockholders of record on Tuesday, December 16th were issued a $0.3775 dividend. The ex-dividend date was Tuesday, December 16th. This represents a dividend yield of 105.0%.

Hedge Funds Weigh In On iShares MSCI Global Gold Miners ETF

Several hedge funds have recently made changes to their positions in the business. Versant Capital Management Inc increased its stake in iShares MSCI Global Gold Miners ETF by 1.2% in the 2nd quarter. Versant Capital Management Inc now owns 76,440 shares of the exchange traded fund’s stock worth $3,347,000 after purchasing an additional 942 shares in the last quarter. Jones Financial Companies Lllp increased its stake in shares of iShares MSCI Global Gold Miners ETF by 546.3% in the first quarter. Jones Financial Companies Lllp now owns 63,850 shares of the exchange traded fund’s stock worth $2,715,000 after acquiring an additional 53,970 shares during the last quarter. Keystone Global Partners LLC raised its stake in shares of iShares MSCI Global Gold Miners ETF by 190.1% during the 2nd quarter. Keystone Global Partners LLC now owns 46,892 shares of the exchange traded fund’s stock worth $2,053,000 after purchasing an additional 30,727 shares in the last quarter. GPS Wealth Strategies Group LLC raised its position in iShares MSCI Global Gold Miners ETF by 20.9% during the third quarter. GPS Wealth Strategies Group LLC now owns 20,452 shares of the exchange traded fund’s stock valued at $1,323,000 after acquiring an additional 3,533 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its stake in iShares MSCI Global Gold Miners ETF by 20.0% in the third quarter. NewEdge Advisors LLC now owns 19,266 shares of the exchange traded fund’s stock valued at $1,247,000 after acquiring an additional 3,208 shares during 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.