iShares MSCI Global Gold Miners ETF (NASDAQ:RING) Short Interest Down 16.8% in January

iShares MSCI Global Gold Miners ETF (NASDAQ:RING) saw a significant decline in short interest in January. As of January 31st, there was short interest totalling 369,400 shares, a decline of 16.8% from the January 15th total of 444,000 shares. Based on an average daily volume of 276,600 shares, the days-to-cover ratio is currently 1.3 days.

iShares MSCI Global Gold Miners ETF Stock Down 3.1 %

NASDAQ RING opened at $34.34 on Friday. iShares MSCI Global Gold Miners ETF has a twelve month low of $20.32 and a twelve month high of $36.50. The firm has a market capitalization of $1.06 billion, a PE ratio of 28.50 and a beta of 0.75. The stock’s 50 day moving average is $30.77 and its 200 day moving average is $31.63.

iShares MSCI Global Gold Miners ETF Announces Dividend

The company also recently declared a dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 17th were given a dividend of $0.216 per share. The ex-dividend date of this dividend was Tuesday, December 17th.

Institutional Investors Weigh In On iShares MSCI Global Gold Miners ETF

Several hedge funds have recently added to or reduced their stakes in RING. Wintrust Investments LLC bought a new stake in iShares MSCI Global Gold Miners ETF in the fourth quarter worth $93,000. Fisher Asset Management LLC bought a new stake in iShares MSCI Global Gold Miners ETF in the third quarter worth $245,000. Jones Financial Companies Lllp boosted its holdings in iShares MSCI Global Gold Miners ETF by 28.0% in the fourth quarter. Jones Financial Companies Lllp now owns 9,880 shares of the exchange traded fund’s stock worth $278,000 after acquiring an additional 2,162 shares in the last quarter. Family Firm Inc. boosted its holdings in iShares MSCI Global Gold Miners ETF by 28.2% in the fourth quarter. Family Firm Inc. now owns 42,173 shares of the exchange traded fund’s stock worth $1,185,000 after acquiring an additional 9,276 shares in the last quarter. Finally, Climber Capital SA bought a new stake in iShares MSCI Global Gold Miners ETF in the fourth quarter worth $1,821,000.

About iShares MSCI Global Gold Miners ETF

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.