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

iShares MSCI Global Gold Miners ETF (NASDAQ:RING) was the recipient of a large decrease in short interest in March. As of March 15th, there was short interest totalling 350,100 shares, a decrease of 40.2% from the February 28th total of 585,800 shares. Based on an average trading volume of 292,000 shares, the short-interest ratio is presently 1.2 days. Approximately 1.1% of the company’s stock are sold short.

iShares MSCI Global Gold Miners ETF Stock Performance

Shares of NASDAQ RING traded down $0.07 during mid-day trading on Friday, hitting $38.10. 288,597 shares of the stock traded hands, compared to its average volume of 254,599. The company has a market cap of $1.17 billion, a price-to-earnings ratio of 19.05 and a beta of 0.75. The stock has a fifty day moving average price of $34.37 and a 200-day moving average price of $32.51. iShares MSCI Global Gold Miners ETF has a 52 week low of $25.41 and a 52 week high of $39.22.

Institutional Trading of iShares MSCI Global Gold Miners ETF

A number of hedge funds have recently modified their holdings of RING. Jones Financial Companies Lllp increased its stake in shares of iShares MSCI Global Gold Miners ETF by 28.0% in the 4th 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. Fisher Asset Management LLC purchased a new position in iShares MSCI Global Gold Miners ETF during the third quarter valued at $245,000. Versant Capital Management Inc boosted its holdings in iShares MSCI Global Gold Miners ETF by 15.4% in the fourth quarter. Versant Capital Management Inc now owns 76,541 shares of the exchange traded fund’s stock worth $2,152,000 after acquiring an additional 10,209 shares in the last quarter. Wintrust Investments LLC purchased a new stake in shares of iShares MSCI Global Gold Miners ETF in the fourth quarter worth $93,000. Finally, Family Firm Inc. increased its holdings in shares of iShares MSCI Global Gold Miners ETF by 28.2% during the fourth quarter. Family Firm Inc. now owns 42,173 shares of the exchange traded fund’s stock valued at $1,185,000 after acquiring an additional 9,276 shares in the last quarter.

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.