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

iShares MSCI Global Gold Miners ETF (NASDAQ:RING) was the target of a significant drop in short interest during 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 daily trading volume, of 418,400 shares, the short-interest ratio is currently 0.7 days.

Institutional Investors Weigh In On iShares MSCI Global Gold Miners ETF

Large investors have recently added to or reduced their stakes in the business. Strategic Investment Solutions Inc. IL bought a new position in shares of iShares MSCI Global Gold Miners ETF during the 2nd quarter worth approximately $43,000. Deane Retirement Strategies Inc. acquired a new stake in iShares MSCI Global Gold Miners ETF in the second quarter worth $53,000. Fisher Asset Management LLC acquired a new position in shares of iShares MSCI Global Gold Miners ETF during the third quarter valued at about $245,000. Finally, E Fund Management Co. Ltd. grew its stake in shares of 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 valued at $4,027,000 after buying an additional 8,739 shares during the period.

iShares MSCI Global Gold Miners ETF Stock Up 0.1 %

RING traded up $0.03 during trading on Wednesday, reaching $30.65. 24,525 shares of the stock traded hands, compared to its average volume of 207,010. The stock’s 50-day moving average is $32.78 and its 200 day moving average is $30.81. iShares MSCI Global Gold Miners ETF has a 12 month low of $20.18 and a 12 month high of $36.50. The stock has a market capitalization of $671.24 million, a PE ratio of 28.50 and a beta of 0.75.

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.