iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Sees Large Decrease in Short Interest

Posted by Oscar Bower on Dec 28th, 2024

iShares MSCI Global Gold Miners ETF (NASDAQ:RING – Get Free Report) saw a significant drop in short interest in December. As of December 15th, there was short interest totalling 344,300 shares, a drop of 22.8% from the November 30th total of 445,700 shares. Based on an average trading volume of 479,200 shares, the days-to-cover ratio is currently 0.7 days.

iShares MSCI Global Gold Miners ETF Trading Down 0.6 %

NASDAQ RING opened at $28.43 on Friday. The company’s fifty day simple moving average is $31.13 and its 200-day simple moving average is $31.02. The stock has a market cap 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. Stockholders of record on Tuesday, December 17th were paid a dividend of $0.216 per share. The ex-dividend date was Tuesday, December 17th.

Institutional Investors Weigh In On iShares MSCI Global Gold Miners ETF

A number of hedge funds have recently bought and sold shares of the business. Strategic Investment Solutions Inc. IL purchased a new position in shares of iShares MSCI Global Gold Miners ETF during the 2nd quarter valued at approximately $43,000. Fisher Asset Management LLC bought a new position in iShares MSCI Global Gold Miners ETF in the third quarter worth about $245,000. Finally, E Fund Management Co. Ltd. boosted its position in iShares MSCI Global Gold Miners ETF by 6.4% during the 2nd quarter. E Fund Management Co. Ltd. now owns 145,840 shares of the exchange traded fund’s stock valued at $4,027,000 after purchasing an additional 8,739 shares during the period.

About iShares MSCI Global Gold Miners ETF

(Get Free Report)

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.