Short Interest in iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Increases By 131.9%

iShares MSCI Global Gold Miners ETF (NASDAQ:RING) was the target of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 239,002 shares, a growth of 131.9% from the May 31st total of 103,080 shares. Based on an average daily volume of 561,154 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.6% of the company’s shares are sold short.

Institutional Investors Weigh In On iShares MSCI Global Gold Miners ETF

Large investors have recently made changes to their positions in the company. Climber Capital SA purchased a new stake in shares of iShares MSCI Global Gold Miners ETF in the 4th quarter valued at approximately $4,383,000. Marshall Wace LLP purchased a new position in iShares MSCI Global Gold Miners ETF during the 4th quarter worth approximately $3,336,000. Keystone Global Partners LLC raised its stake in iShares MSCI Global Gold Miners ETF by 60.8% during the 4th quarter. Keystone Global Partners LLC now owns 73,867 shares of the exchange traded fund’s stock valued at $5,440,000 after purchasing an additional 27,942 shares during the period. JPMorgan Chase & Co. raised its stake in iShares MSCI Global Gold Miners ETF by 9.7% during the 4th quarter. JPMorgan Chase & Co. now owns 265,137 shares of the exchange traded fund’s stock valued at $19,525,000 after purchasing an additional 23,361 shares during the period. Finally, Advisory Services Network LLC raised its stake in iShares MSCI Global Gold Miners ETF by 68.3% during the 4th quarter. Advisory Services Network LLC now owns 41,502 shares of the exchange traded fund’s stock valued at $3,056,000 after purchasing an additional 16,837 shares during the period.

iShares MSCI Global Gold Miners ETF Price Performance

NASDAQ RING traded up $0.01 on Wednesday, hitting $64.61. 809,027 shares of the company were exchanged, compared to its average volume of 539,462. The company’s 50 day moving average price is $74.61 and its 200-day moving average price is $79.97. The firm has a market capitalization of $2.44 billion, a P/E ratio of 19.24 and a beta of 0.57. iShares MSCI Global Gold Miners ETF has a twelve month low of $42.51 and a twelve month high of $100.41.

iShares MSCI Global Gold Miners ETF Announces Dividend

The company also recently announced a dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were given a $0.5264 dividend. The ex-dividend date of this dividend was Monday, June 15th.

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.