iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Short Interest Down 92.1% in July

iShares MSCI Global Gold Miners ETF (NASDAQ:RING) was the recipient of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 98,847 shares, a decline of 92.1% from the July 15th total of 1,249,845 shares. Based on an average daily volume of 1,091,505 shares, the short-interest ratio is currently 0.1 days. Approximately 0.3% of the company’s shares are short sold.

Institutional Trading of iShares MSCI Global Gold Miners ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Trust Co. of Vermont bought a new position in shares of iShares MSCI Global Gold Miners ETF in the 2nd quarter valued at about $42,000. EverSource Wealth Advisors LLC bought a new stake in shares of iShares MSCI Global Gold Miners ETF during the second quarter worth approximately $100,000. Creative Financial Designs Inc. ADV raised its stake in shares of iShares MSCI Global Gold Miners ETF by 7.7% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 2,500 shares of the exchange traded fund’s stock worth $184,000 after buying an additional 178 shares during the last quarter. Prism Advisors Inc. acquired a new position in iShares MSCI Global Gold Miners ETF in the fourth quarter valued at approximately $205,000. Finally, Arkadios Wealth Advisors acquired a new position in iShares MSCI Global Gold Miners ETF in the fourth quarter valued at approximately $218,000.

iShares MSCI Global Gold Miners ETF Stock Performance

RING traded down $0.25 during mid-day trading on Tuesday, reaching $78.13. The stock had a trading volume of 285,696 shares, compared to its average volume of 574,961. The stock has a market capitalization of $2.57 billion, a P/E ratio of 19.24 and a beta of 0.61. The firm’s fifty day simple moving average is $67.38 and its two-hundred day simple moving average is $77.63. iShares MSCI Global Gold Miners ETF has a 52 week low of $48.14 and a 52 week high of $100.41.

iShares MSCI Global Gold Miners ETF Announces Dividend

The company also recently declared a dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were issued a $0.5264 dividend. The ex-dividend date 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.